THELOGICALINDIAN - The abettor of the Upbit barter extends into addition breadth of trading Dunamu the close abaft one of the arch South Korean exchanges will barrage an OTC belvedere for unlisted stocks
Dunamu Aggregates Data, Trading for Unlisted OTC Stocks
Dunamu will accessible a belvedere to host all types of unlisted stocks, appear The Korea Herald. Dunamu will accomplice with Samsung Securities and abstracts firm, Deep Search, to barrage the belvedere by the end of the month. The belvedere will be accessible in the anatomy of an app, to bout the growing appeal for accessible admission to banal trading for retail buyers.
The move by Dunamu adds to the all-around drive to accompany banal trading to a added autonomous audience, as added and added fintech startups acquisition means for commission-free banal trades. In the case of Dunamu, however, the banal alternative is hardly riskier.
The new belvedere will accord with unlisted stocks, area there are beneath requirements for reporting. By accumulation all stocks into one platform, Dunamu will aim to boldness advice assymetry, or the disability to apprentice added acutely about a stock. This way, artifice and advertising may be avoided. Unlisted stocks are usually traded through breezy websites, with bound advertisement capabilities.
Low Fees, More Data and Analytics
The Dunamu belvedere will additionally annihilate accidental allowance fees, and action a added defended way of banal buying transfer. Dunamu will accumulated accumulated information, based on the acquaintance from its Banal Plus trading app. Deep Search will accord its analytics arrangement to actuate risks for new firms.
Lim Ji-hoon, Dunamu’s arch action administrator commented,
Dunamu bent the beachcomber of added advance absorption from Koreans, which are gluttonous college levels of acknowledgment from riskier products. Beyond cryptocurrencies, unregistered stocks action college volatility, but additionally a adventitious of faster gains. Korean banking regulators are additionally awful acquainted of the risks, aiming to barrier the best chancy banking articles or scams.
The Upbit barter carries bargain volumes of about $110 actor in 24 hours. It’s one of the arch markets for Ripple’s XRP. But as altcoins entered a buck bazaar and volumes slowed down, alike the Korean won bazaar bootless to lift assets out of their depression.
What do you anticipate about Dunamu’s move into OTC stocks? Share your thoughts in the comments area below!
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