Largest South Korean trading app adds support for crypto

The largest South Korean trading app Kakao Stock is launching a cryptocurrency exchange for Bitcoin and Ethereum
29 August 2017   1954

Kakao Stock , the largest application for trading securities in South Korea, has added the opportunity to trade Bitcoin and Ethereum.

Kakao Stock adds support for Ethereum and Bitcoin Kakao Stock

Kakao Stock is based on the country’s most popular smartphone messenger app, Kakao Talk. Thus, according to local publications, the company announced that it is launching a cryptocurrency exchange.

Kakao Stock provides real-time stock quotes and stock trading capabilities that are linked to Kakao Talk. Users buying and trading stocks within the app are connected directly to securities companies in Korea as well as overseas.

Kakao Stock allows its users to conduct transactions without paying additional transaction fees besides the existing trading firm transaction fee.
 

Kakao Stock team

The cryptocurrency exchange will be offered through the app only, and will handle a number of widely-traded coins including Bitcoin and Ethereum. 

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   119

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.
 

Elliott Suthers

Coinbase

Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.