South Korean fintech company Dunamu have announced they are launching a new exchange called Upbit next month.
Dunamu currently operates a social securities trading app called Kakao Stock, based on Kakao Talk, through an affiliated company called Kakao Corp. Kakao Talk is installed on 93% of South Korean mobile devices, and is Korea’s number one smartphone messenger app with over 170 million users worldwide.
The company has signed a partnership agreement with Bittrex, and will have markets for over 110 currencies, with NEO mentioned on the current homepage as one of the coins that will be available for trading.
Right now, most cryptocurrency exchanges in Korea list roughly half a dozen currencies. Bithumb, Korea’s largest exchange platform only handles eight.
In addition to the web based trading platform, Upbit will also have an Android and iOS trading app and offer Kakao Pay authentication for added security.
Pre-registration to Upbit has begun, and all users who sign up will go into the draw to win one coin from the 111 to be listed, including Bitcoin.
You can pre-register here – https://upbit.com/home
About The Author: Dean Jeffs
Dean is a digital project manager who has worked extensively with start ups and agencies in the marketing space. Fascinated by the potential applications of blockchain technology, Dean has a passion for realising the new smart economy.
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