Largest Korean Exchange to Open Singapore Office

The decision of Dunamu (Upbit's operator) to enter the Singapore market was influenced by the positive approach of the Monetary Authority of Singapore
20 September 2018   330

The operator of the leading South Korean cryptocurrency exchange Upbit, Dunamu, announced its intention to open another trading platform in Singapore in October. This is reported by CCN.

In a statement, Alex Kim, CEO of Upbit Singapore, said that users from Singapore will be able to trade all the cryptocurrencies, an integrated by partner exchange. The new platform will have a 24-hour security monitoring system.

He also noted that the decision of Dunamu to enter the Singapore market was influenced by the positive approach of the Monetary Authority of Singapore (MAS) to regulation, as well as the desire of the country's government to create a powerful crypto and blockbuster industry.

Upbit is supporting the trading pairs with the Korean won since mid-2017 and intends to support the Singapore dollar after the opening of the new exchange. This suggests that the exchange has strong banking partners in the country that can support demand and interest in cryptocurrencies.

We felt the timing was right to expand globally despite various uncertainties surrounding the Korean market. One of the key functions of a crypto-asset exchange is to connect the real economy to cryptocurrencies, and we believe we can provide this bridge between Korea and the global market. We hope the blockchain regulatory guidelines will be established soon in Korea so that companies here can continue to grow their competitiveness.
 

Sigroo Lee

CEO, Dunamo

Upbit is a division of the South Korean technological giant Kakao. The launch of this trading platform took place in October 2017, and in this short time the exchange managed to become the 11th largest trading company in the world. Currently, the daily turnover of Upbit is about $ 160 million

Upbit to Launch Exchanges in Thailand and Indonesia

The websites of new trading platforms have already been launched
13 November 2018   208

One of the leading South Korean cryptoexchanges, Upbit, has begun promoting new trading platforms in Indonesia and Thailand as part of a plan to expand the company's global reach. It is reported by Bitcoin.com, citing local sources.

The websites of new trading platforms have already been launched. According to the CEO of the parent company Dunamu Lee Seok Wu, since its inception, Upbit had planned to become a global-scale cryptotocompany that was not constrained by the domestic market.

The other day Upbit launched a trading platform in Singapore that supports local fiat currency.

As for the upcoming platform Upbit Thailand, it is still at the stage of closed beta testing and is available for a limited number of traders. This platform will support 131 coins in 241 trading pairs.

Upbit's Indonesian division will feature 156 coins in 276 currency pairs.