Bithumb launches Plus Club with 13% annual Bitcoin rewards for 13th anniversary

Bithumb will officially launch its "Plus Club" on Friday, offering Bitcoin rewards equivalent to 13 percent per year to mark the cryptocurrency exchange's 13th anniversary.

The Plus Club is a free rewards program open to new Bithumb members and existing users with no trading activity this year. Enrolled members earn Bitcoin daily at an annualized rate of 13 percent, calculated on their average daily asset holdings.

Benefits are capped at 14,000 won ($10) per day, 420,000 won per month and 5 million won per year. The program is limited to the first 50,000 applicants on a first-come, first-served basis.

To qualify for rewards, members must meet a monthly trading volume of at least 50 million won on the won market. Rewards are calculated based on assets newly added after enrollment, and payouts are made in a lump sum on the fifth business day of the following month.

Bithumb began accepting pre-registrations on Aug. 28 and is billing the program as the first event in its 13th-anniversary series. A similar promotion for its 12th anniversary — featuring annual rewards of 10 percent — drew more than 60 billion won in deposits before closing. Bithumb has raised the benefit rate to 13 percent for this edition.

"The Plus Club is a program we prepared to give back to our customers on our 13th anniversary," a Bithumb official said. "We will continue to strengthen customer-centered services and user benefits."

Meanwhile, Bitcoin has been trading in a narrow range around $77,000, with further downside appearing limited. As of 8:26 a.m. Thursday, the cryptocurrency was down 0.31 percent over the previous 24 hours at $77,189.