Bithumb, one of South Korea's leading cryptocurrency exchanges, has unveiled a substantial amount of dormant assets held by its users. The exchange's latest findings reveal over $200 million tied up in 26 million inactive accounts, prompting a renewed effort to engage these users. The source notes that this initiative could significantly impact the overall liquidity of the platform.
Bithumb's Annual Dormant Asset Recovery Campaign
As part of its annual dormant asset recovery campaign, Bithumb aims to reconnect with customers who have not logged in or conducted any trades for more than a year. This initiative underscores the considerable unrealized liquidity present in the cryptocurrency market, particularly as many retail investors have stepped back during previous bull runs.
Direct Outreach to Eligible Customers
The exchange plans to reach out directly to eligible customers, offering guidance and support for account recovery. This proactive approach not only seeks to reactivate dormant accounts but also highlights the potential for increased trading activity as users re-engage with the platform.
MicroStrategy's recent Bitcoin acquisition has sparked investor scrutiny, especially in light of Bithumb's efforts to recover dormant assets. For more details, see MicroStrategy's Bitcoin Strategy.
