Bithumb Introduces Ethereum Multi-Chain Deposit and Withdrawal Support

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Virtual asset exchange Bithumb announced on the 13th that it will support multi-chain deposit and withdrawal services for the virtual asset Ethereum (ETH).

Multi-chain is a technology that supports two or more blockchain networks for a single virtual asset. Virtual assets that support multi-chain allow users to choose the network with lower fees and faster processing speeds among multiple networks when making deposits and withdrawals, thereby improving user convenience.

The networks added for Ethereum (ETH) deposit and withdrawal support are Arbitrum and Optimism. Compared to the Ethereum network, deposits and withdrawals can be made with lower fees and faster processing times.

In addition to supporting multi-chain deposits and withdrawals, various improvements have been made to virtual asset deposit and withdrawal services. These include simplifying withdrawal procedures for amounts under 1 million KRW, improving the withdrawal address book function, and making it easier to check deposit and withdrawal history.

Moon Seon-il, Head of Bithumb Services, stated, “We will continue to make various efforts to improve the investment environment for our customers.”

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