Coinone Expands to Indonesia With Several Cryptocurrencies

The service is coming to Indonesia in May 2018, supporting six cryptocurrencies available for trading
17 April 2018   1244

The popular and rapidly developing South Korean cryptoexchange, Coinone, has made an announcement stating that it is expanding its services to Indonesia launching a platform under the name Coinone Indonesia. As it is stated on the official website, the service is coming to Indonesia in May 2018.

Coinone Indonesia will launch in Indonesia with an acquired expertise of the top 10 largest crypto-exchange in the world. The platform will keep users' assets safe with various stabilizers tools such as Multi-Sig Wallet, 2FA and Cold Wallet. Initially, the platform will allow six cryptocurrenies for trading: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Quantum, but later it promises to add more.

Moreover, the users can take part in a pre-registration event, and 10,000 people who applied for pre-registration will be chosen to get Trading Fee 0.00% Coupon and QTUM Airdrop. 

Coinone to Join RippleNet

Coinone and Ripple cooperation started in May 2018, and now exchange believes it will help to create wide range of blockchain based financial services
18 June 2019   686

The Korean exchange Coinone, a member of the Big Four of Asian cryptocurrency exchange platforms, has joined the RippleNet network, AMBcrypto reports. Through participation in RippleNet, Coinone will be able to use Ripple's xCurrent solution to provide interbank services to its customers.

Coinone CEO Shin Won Hee, in a conversation with local media, said that his company would rely on cooperation with SBI Ripple Asia in creating a wide range of financial services based on blockchain technology.

According to the media, Coinone was the first exchange in South Korea, which joined RippleNet. As part of the cooperation with SBI Ripple Asia, Coinone intends to “organize overseas remittance events for 3,000 new subscribers to the block chain overseas remittance service.”

Coinone and Ripple started working together in May 2018, when the company integrated xCurrent solution into its own payment service called Cross. According to updated data, customers of the exchange can send transfers to eight Asian countries through the system, taking advantage of reduced commissions.

Earlier this month, Siam Commercial Bank, the largest commercial bank in Thailand, said it would use XRP cryptocurrency in its operations, but later, for unknown reasons, refused this statement.