Major South Korean Exchanges Expands Globally

South Korea

Major South Korean Exchanges Expands Globally

Bithumb, Upbit, and Coinone are stepping ahead to expand overseas.

  •    Bithumb is launching a security token platform in the U.S
  •    Upbit opened its new trading branch in Singapore with 156 coins and 221 trading pairs
  •    Coinone launched cryptocurrency exchange in Malta

Bithumb Expands in the U.S

South Korea’s largest crypto exchange, Bithumb partners with U.S fintech firm Seriesone on October 31. The agreement discloses that Bithumb invests in this fintech in South Korea to scale and leverage technology as well as marketing development.

Bithumb and Seriesone will form a joint venture intended to create a new exchange in the United States that will offer a compliant marketplace to trade security tokens, subject to receipt of SEC, FINRA and other applicable regulatory approvals.

Further, the report states that Bithumb was acquired by Bk Global Consortium, a Singapore group led by ‘plastic surgeon. Another South Korea’s largest exchange, BTC Korea Holdings is also linked with the acquisition with shares of 75.99 percent interest.

Upbit Singapore Now Live

Upbit is yet another South Korea’s exchange which goes live newly in Singapore. The new Singaporean exchange will launch on Oct 30, led by Ale Kim, former head of Kakao Indonesia. Presently, the exchange will support only one fiat currency, the Singapore dollar (SGD) but may expand in future.

Verified users can use the exchange as it supports trading in the SGD, BTC, ETH and USDT markets.

However, the Upbit exchange is already in partnership with Bittrex. Upbit, operated by Dunamu Inc, said that they will stand on a strong partnership with Bittrex to keep major mark into the global market.

Coinone Launches CGEX

On Oct 29, Coinone announced the launch of CGEX, the crypto-only exchange where CGEX is not a legal currency but a crypto-2-crypto trading platform. The platform launched in Malta where it allows the zero-percent commission on makers for the first month of launch. It opens with the same trading pairs as the Coinone BTC market.

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Major South Korean Exchanges Expands Globally
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Major South Korean Exchanges Expands Globally
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South Korea’s largest crypto exchange, Bithumb partners with U.S fintech firm Seriesone on October 31. The agreement discloses that Bithumb invests in this fintech in South Korea to scale and leverage technology as well as marketing development.
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Tabassum 83 Articles

Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Reach out to her at [email protected]