Top Three South Korean Cryptocurrency Exchanges Expand Overseas

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Under the agreement, “Bithumb is investing in a Seriesone entity in South Korea to scale technical development and marketing,” Seriesone detailed, elaborating:

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.

Bithumb was recently acquired by Singapore-based Bk Global Consortium led by a plastic surgeon. The group inked a deal with BTC Korea Holdings, Bithumb’s largest shareholder at the time with 75.99 percent interest, to buy a controlling stake in the exchange.

Seriesone recently appointed Kaine Kim, former deputy director of South Korea’s Financial Services Commission, as managing director of its South Korean operation and head of Asian operations.

Upbit, operated by Dunamu Inc., is a partner of U.S.-based exchange Bittrex. Dunamu CEO Lee Sir-goo said in September that Upbit will continue to strengthen its partnership with Bittrex as it makes a foray into global markets. Noting that Upbit Singapore will initially support only one fiat currency, the Singapore dollar (SGD), he described:

In the future, we would like to add other fiat currencies and expand in other Southeast Asian countries.

For the grand opening, all new users are offered zero-percent trading fees until Nov. 28 on the SGD market. Zero-percent trading fees are also offered until Dec. 28 on the same market to existing users who signed up and cleared real-name identity verification by Oct. 29.

Coinone wrote:

The new global crypto-crypto exchange will share its order book with Coinone’s new BTC market … CGEX provides stable liquidity to investors by integrating with Coinone Korea, Indonesia, and others under the Coinone brand.

What do you think of the three Korean exchanges launching operations overseas? Let us know in the comments section below.

Images courtesy of Shutterstock, Bithumb, Upbit, and Coinone.

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The post Top Three South Korean Cryptocurrency Exchanges Expand Overseas appeared first on Bitcoin News.

 

source: https://news.bitcoin.com/south-korean-cryptocurrency-exchanges-overseas/