South Korean exchange Bithumb today launched a trading platform that offers multiple pairs of fiat currencies as well as perpetual bitcoin futures (BTC).

This service, Bithumb Global, is currently in beta phase, allowing users to trade perpetual Bitcoin futures with a leverage of up to 100x.

Throughout the beta phase, the perpetual contract trading simulation will use a virtual asset, TBTC (Trade BTC), and an amount of 0.1 TBTC will be given to all users who register on the platform.

In addition, for the launch of this service, Bithumb has opened several contests to encourage users to use the platform, such as the one related to Ethereum: the top 50 users will receive ETHs according to their position, and the first classified will get 100 ETHs.

Bithumb also operates through a decentralised exchange, Bithumb DEX, based in Hong Kong, where it has been operating since October 2018. Bithumb also operates an OTC (Over-the-Counter) platform, ORTUS, for institutional customers, which was recently launched in February 2019.