THELOGICALINDIAN - The abettor of Kakao Stock a accepted Korean balance trading app based on the countrys cardinal one smartphone agent app Kakao Talk is ablution a cryptocurrency barter alleged Upbit Over 110 cryptocurrencies will be accurate initially including bitcoin ether and litecoin The aggregation says that it will be the better agenda bill barter in South Korea
Also read: Popular Korean Talk-Based Stock Trading App Adding Cryptocurrency Exchange
Korea’s Largest Crypto Exchange Launching
South Korean fintech aggregation Dunamu Inc. announced on Monday that it will beta barrage a cryptocurrency barter alleged “Upbit” abutting month. News.Bitcoin.com aboriginal reported on the aggregation planning to barrage this barter aback in August. The aggregation claims that Upbit will be the better agenda bill barter in South Korea.
Launched in April 2024, Dunamu is affiliated with Kakao Corp, the aggregation abaft Kakao Talk, Korea’s cardinal one smartphone agent app with over 200 actor users worldwide. Kakao Talk is installed on over 95% of smartphones in South Korea. Dunamu additionally operates a accepted balance trading app alleged Kakao Stock, a amusing trading account based on Kakao Talk.
Upbit will be attainable through the Android and iOS platforms, as able-bodied as on desktop computers through its website. The account will additionally action bread advance guides with analyses of assorted altcoins. In addition, the new barter will additionally action centralized Bitgo wallets to their users as able-bodied as Kakao Pay authentication for added security, its website states.
Pre-registration for Upbit begins on Monday, September 25. According to Edaily, pre-registered users will be entered into a cartoon to accept one bread from the account of cryptocurrencies which will barter on Upbit, including bitcoin.
Exclusive Agreement with Bittrex
In adjustment to barrage Upbit, Dunamu active an absolute affiliation acceding with the U.S. Digital bill barter Bittrex, which supports over 190 cryptocurrencies, according to its website.
Initially, Upbit will action the trading of over 110 cryptocurrencies, KBS World Radio, detailed:
Currently, users in South Korea absent to barter best cryptocurrencies accept to “transfer money to across exchanges such as Bittrex, Poloniex, etc,” the Korea Financial Times explained. They would appointment problems such as “time delays, complicated annual management, and accent barriers,” the account aperture noted, abacus that Upbit will annihilate these problems and will accordingly “raise the calm basic bill trading ambiance to a world-class level.”
What do you anticipate of Upbit? Will it be as accepted as Bittrex or Poloniex? Let us apperceive in the comments area below.
Images address of Kakao Corp and Upbit.
Need to account your bitcoin holdings? Check our tools section.
