UPbit open beta launched by Bittrex

South Korean fintech firm Dunamu launches its cryptocurrency exchange Upbit
27 October 2017   13107

Back to September

It has been reported that South Korean Internet company Kakao in partnership with the popular American crypto exchange Bittrex was going to launch a new trading platform, UPbit, in October.

The registration has been available on the website of the new exchange since its announcemet. At the moment of writing, there was no much info on the website except the release date of the app (October). The Korean exchange was to use the technologies developed by Bittrex. The companies were going to use the technology of Bittrex, likely rebranding their platform for Korean users, which means there will be 200 cryptocurrencies and assets available.

UPbit beta launched, October

Now, a South Korean fintech firm Dunamu, subsidiary of Kakao Inc.,launches Upbit in beta. Dunamu has started offering an open beta service for Upbit from October 24, 2017.

The platform supports markets that can be traded with Korean Won (KRW), Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). In order to launch the exchange, Dunamu has signed an exclusive partnership agreement with the leading cryptocurrency exchange Bittrex. The BTC market, ETH market and USDT market will be offered through Bittrex.

With the partnership with Bittrex, we are not only able to support the largest number of digital currency trading services but also have addressed problems such as inconveniences of existing Altcoin investment, time delays and complicated account management. Starting with the open beta service, we are planning to provide services that are optimized to domestic trading conditions.
 

Song Chi-hyung
Dunamu Chief Executive

On top of that, Dunamu focused on improving dafety by adopting Bitgo’s double wallets for added wallet security and consulting Theori, a four-time winner of DEF CON hacking finals, for security as well.

During the open beta service period, users will be able to access all the functions of Upbit through desktop, Android, and iOS platforms.

Bittrex to Remove Maker Fee For Certain Accounts

This update are valid uptil July 3 to those, who showed monthly trading volume above $30k; also, exchange reported on the start of euro support "this summer"
13 June 2019   454

Bittrex Cryptocurrency Exchange temporarily lowered the maker fee (for placing a limit order) in pairs with the US dollar to zero, and the taker fee (ffor buying / selling the placed order) to 0.15%. These changes will be valid until July 3 for accounts that at least once showed a monthly trading volume above $ 30 thousand.

At the same time, other accounts that do not fall under the initial requirements may also apply for a reduction in fees.

Note that Bittrex launched such a campaign in honor of the announcement of an important event: the addition of support for the fiat euro this summer.

Earlier, Bittrex limited trading to 32 cryptocurrencies for US residen