Bithumb signs MOU with Vietnam's SSID to launch crypto exchange in one of Asia's hottest digital asset markets!

South Korean exchange Bithumb has signed a memorandum of understanding with SSI Digital (SSID) — a subsidiary of Vietnam's largest securities firm, SSI — to establish and operate a digital asset exchange in Vietnam. The deal, inked in March but only publicly announced Thursday, covers wallet and custody systems, security and risk management, compliance, and product development.

The timing is deliberate: Vietnam ranks fourth on Chainalysis's 2025 Global Crypto Adoption Index and counts roughly 17 million digital asset holders. Chainalysis describes the country's crypto use as "everyday infrastructure for remittances, gaming, and savings" — a structural demand base, not speculative froth.

Bithumb may also take a strategic equity stake in SSID's exchange venture, subject to Vietnamese regulatory approval. The move mirrors a similar MOU Bithumb rival Dunamu (Upbit) signed with Vietnam's…