Second largest South Korean cryptocurrency exchange, with a 24-hour trading volume of about $358 million is now in the process of obtaining regulatory approval from the Thais and Japanese financial regulators. The exchange has already established a Thai subsidiary, Bithumb (Thailand) Company Limited, with registered capital of 3 million baht (around US$90,000). Bithumb also plans to set up an exchange that supports the largest number of coins in Japan.