First usage fee payment scheduled for October 10,
Bithumb, a virtual asset exchange, announced on the 19th that it will pay a 2.0% annual usage fee on users’ Korean won deposits. ⓒBithumb, ‘[Dailian = Reporter Hwang Ji-hyun] Bithumb, a virtual asset exchange, announced on the 19th that it will pay a 2.0% annual usage fee on users’ Korean won deposits.’,
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, ‘Under the Virtual Asset User Protection Act, which took effect on this day, virtual asset exchanges can now pay usage fees to users based on thorough management and custody obligations for user deposits.’,
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, ‘Bithumb agreed with its partner bank, NH Nonghyup Bank, to provide a 2.0% annual usage fee on Korean won deposits starting from this day, which is the industry’s highest level.’,
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, ‘With the ability to receive usage fees through Korean won deposits, users are expected to further utilize virtual asset Korean won deposits as idle assets.’,
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, ‘The calculation of usage fee is based on the Korean won balance as of 11:59:59 PM daily.’,
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, ‘The first usage fee payment is scheduled for October 10 and will be paid after withholding the required taxes. Detailed payment schedule and methods will be notified separately.’,
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, ‘Bithumb CEO Lee Jae-won stated, “By providing the industry’s highest level of deposit usage fee, we are offering better benefits to users” and added, “In the future, Bithumb will continue to strive for a high level of customer asset protection and a secure trading environment.”‘,
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, ‘Meanwhile, Upbit, Coinone, and Korbit provide interest rates of 1.3%, 1%, and 1.3% on user deposits, respectively.\n’]