Crypto:
30188
Bitcoin:
$69.518
% 5.00
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 69.518
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Bithumb Partners on Bitcoin Meal Box with Free Crypto

Bithumb

A new Bitcoin “meal box” will be available for purchase in-store, thanks to a partnership between South Korean convenience store chain Emart24 and local cryptocurrency exchange Bithumb.

By the month’s end, you’ll be able to get your hands on one of the thirty thousand meal boxes that Emart24 and Bithumb announced on May 9. The price per box is 5,900 Korean won, which is $4.30.

Reportedly, a spokesperson from Bithumb told local media that users who download the exchange’s app and input the coupon code found in each food box could win 10,000 won worth of Bitcoin.

When you open a Bitcoin account with NH Nonghyup Bank, Bithumb will give you 20,000 won worth of bitcoin. According to the representative, in order to get the extra Bitcoin, users who already have an account need to link it to Bithumb.

Among the several cryptocurrency exchanges operating in South Korea, Bithumb stands out. It is one of the five members of the Digital Asset Exchange Association (DAXA) that include Upbit, Coinone, Korbit, and Gopax.

Despite a postponement of its initial public offering, the company still intends to become the first cryptocurrency exchange listed on the stock market in South Korea.

Following the much-anticipated halving event on April 20, there has been persistent excitement surrounding the cryptocurrency, and this new Bitcoin dinner box is just the latest example.

Bitcoin Price Decline After Halving Event

Nearly $74,000 was the new all-time high for the cryptocurrency in March. The present price decline, according to analysts, is due to “boredom” on the part of Bitcoin bulls following the halving.

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After the US approved the first Bitcoin ETFs (exchange-traded funds) on January 10, Bitcoin gained traction.

According to reports that surfaced on May 7, a newly elected democratic party in South Korea has pledged to permit Bitcoin ETFs. The party plans to submit the proposal after the June inauguration of the National Assembly.

Nonetheless, South Korean regulators have been keeping a closer eye on the cryptocurrency market in recent years. New regulations for cryptocurrency exchanges and harsher punishments for crypto-related offenses were introduced by lawmakers in 2024.

South Korean financial authorities started requesting that cryptocurrency holders notify any illegal exchanges providing services in the nation towards the end of 2023.

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