The operator of Kakao Stock, an application of Korean popular trading of securities based on the e-mail application smart Kakao Talk, is launching a market for crypto-currencies, called Upbit. More than 110 crypto-currencies will be supported, including bitcoin, ethereum and litecoin. The company says that this will be the biggest market of virtual currencies in South Korea, more important than Coinone, for example.
The broader market for crypto-currencies
The company Fintech, south-Korean, Dunamu Inc., announced on Monday that it will launch a market for crypto-currencies, called “Upbit” next month. Upbit will be accessible via the platforms Android and iOS, and on desktop computers through a Web site. The service will also offer guides to investments with analyses of different altcoins. In addition, this new market will also offer portfolios internal Bitgo to their users as well as authentication Pay Kakao for more security. Pre-registration is open since yesterday. Users who will take advantage of this offer will be entered into a draw to receive free money in the form of crypto-currency.
A market free of all problems
To start Upbit, Dunamu has signed an exclusive partnership agreement with Bittrex, which supports more than 190 crypto-currencies. Initially, Upbit will allow the trade of more than 110 crypto-currencies, including bitcoin, ethereum, ripple and litecoin. In general, the other existing markets in South Korea only offer between six and eight crypto-currencies. At the present time, users in South Korea who wish to exchange the most crypto-currencies need to ” transfer money to foreign markets such as Bittrex, Poloniex, etc. – These users face problems such as delays, the complex management of the accounts and language barriers. Upbit will eliminate all of these problems.