The post Bithumb to Launch Third Dormant Asset Recovery Drive appeared on BitcoinEthereumNews.com. The WiseApp Retail July 2025 survey reveals that Bithumb has The post Bithumb to Launch Third Dormant Asset Recovery Drive appeared on BitcoinEthereumNews.com. The WiseApp Retail July 2025 survey reveals that Bithumb has

Bithumb to Launch Third Dormant Asset Recovery Drive

  • The WiseApp Retail July 2025 survey reveals that Bithumb has noted 2.42 million monthly active users.
  • As per the data of 2025, Bithumb lists more than 440 cryptocurrencies, permitting users to buy and sell a wide array of assets. 

Bithumb, a South Korean cryptocurrency exchange, has planned to roll out its third annual dormant asset recovery campaign, stating that unclaimed cryptocurrency holdings on the platform have slipped to 291.6 billion won. It showed around a 34% fall from 2024’s 443.5 billion won. 

The fall is majorly due to the market fluctuations that led to year-over-year change and last year’s campaign in which around 36,000 customers recovered about 70.6 billion won in forgotten assets. 

The campaign of this year is mainly focussed on 2.57 million accounts that had no login or trading activity for around one year. Among them, the biggest single dormant holding is at 4.1 billion won, and the biggest Bitcoin return rate noted stands at 61,106%. 

Possibly, the most evident is the longest unclaimed account, being untouched for about 12 years. The head of service of Bithumb, Moon Sun-il, states that a lot of customers are not even aware of the digital assets they hold, and we hope this campaign helps customers discover again and use their valuable assets. 

What Does The Survey Say?

The first dormant asset initiative of Bithumb was launched in 2023, when unclaimed holdings stood at 267.3 billion won. The number skyrocketed in 2024 at the time of the crypto market rally, only to fall this year. 

The WiseApp Retail July 2025 survey reveals that Bithumb has noted 2.42 million monthly active users, chasing Upbit’s 4.53, which makes it the second-largest cryptocurrency exchange in South Korea. After Bithumb, the third position is secured by Coinone. 

As per the data of 2025, Bithumb lists more than 440 cryptocurrencies, permitting users to buy and sell a wide array of assets, starting from the prominent tokens like BTC, ETH, XRP, and USDT to many more emerging digital assets. Bithumb is more popular among South Korean natives, as it also offers the most competitive fee structures as compared to other Korean exchanges. 

Highlighted Crypto News Today: 

Whale Wallet Deposits Additional USDC to Expand LIT Holdings, Price Rally Ahead?

Source: https://thenewscrypto.com/bithumb-to-launch-third-dormant-asset-recovery-drive/

Market Opportunity
Semantic Layer Logo
Semantic Layer Price(42)
$0.04183
$0.04183$0.04183
-0.92%
USD
Semantic Layer (42) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Sui Ecosystem Gains Spotlight as Taipei Builders Demo Day Highlights New DeFi Ideas

Sui Ecosystem Gains Spotlight as Taipei Builders Demo Day Highlights New DeFi Ideas

Sui Taipei Builders’ Demo Day brings developers, investors, and enthusiasts together to present blockchain projects. The Sui ecosystem will host the Taipei Builders
Share
LiveBitcoinNews2026/01/03 00:00
Stability World AI Makes AI Accessible and Ownable for People

Stability World AI Makes AI Accessible and Ownable for People

Stability World AI blends AI agents with blockchain incentives to promoting trust, accessibility, shared ownership of AI through user-driven governance.
Share
Blockchainreporter2026/01/03 00:00