The pandemic had caused abject disruption around the world. The coronavirus put the entire world in shackles. While the economy staggered and several lost their jobs, COVID-19 was taking over the world. Several prominent platforms pulled the plug to depreciate the spread of the virus, a prominent cryptocurrency exchange seemed to be aiding this move and has planned to put a hold on its services.
Pandemic Staggers Growth Of Several Platforms
A small yet deadly virus caused the death of many across the globe. While mankind remained indoors, the streets of the earth were ghosted. Several markets went on to record major slumps and have been trying to recover from their losses. The crypto-verse, however, seems to have picked up its recovery phase as it has been reaching new highs. Even though the recovery rate of COVID-19 has surged, the cases seemed to have decreased. Yet, certain platforms continue to go the extra mile to remain unfettered by the pandemic. South Korea’s Bithumb is the latest crypto platform to do so.
South Korea has been known for its impeccable pop culture. With South Korean movies, shows as well as music taking over the world, the country has been working on exercising soft power through the same. The country’s interest in crypto is also highly touted. In light of the ongoing pandemic, Bithumb revealed that it would shut down a few of its offices.
In a blog post, Bithumb wrote that it would be momentarily suspending its Gangnam center that acted as an offline support platform to its users. The blog post read,
“As the number of domestic confirmed cases of Coronavirus Infectious Disease-19 (hereinafter referred to as Corona 19) has increased and social distancing in the metropolitan area has been upgraded to stage 2, we intend to temporarily suspend the operation of Bithumb offline Gangnam Center to prevent the spread of Corona 19.”
The platform mentioned that it would suspend its service from 24 November 2020 until further notice. A safer and convenient option in replacement of the offline platform would soon be rolled out.
While several countries have been easing the laws that were put in place during the peak of the virus, South Korea seems to be prolonging the same. As per worldometer, a covid-19 tracking website, the total number of cases were at 31,353 with over 510 deaths. The number of recovered individuals stood at 26,722. Additionally, the daily new cases in the country were seen increasing significantly.