UPbit open beta launched by Bittrex

South Korean fintech firm Dunamu launches its cryptocurrency exchange Upbit
27 October 2017   11718

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 Launch International Trading Platform

The international platform will be available to existing Bittrex users except US customers
30 October 2018   192

At Bittrex International, there will be improved listing procedures for tokens and advanced options for qualified users from different countries.

The international platform will be available to existing Bittrex users, with the exception of US exchange customers.

Testing of Bittrex International will last over the next few weeks. Earlier the management of the American Stock Exchange planned to name its division Bittrex Malta.

According to Bittrex, the earlier process of including tokens in the listing took months. At Bittrex International, this process has been greatly improved and will be much faster. At the same time, token developers will get access to the company's partner network.

The platform will carry out its activities within the regulatory framework of the European Union and the Government of Malta.

We are committed to being a driving force in the blockchain revolution by increasing adoption of this innovative technology around the world. Bittrex International's more efficient token listing process, combined with our reliable, secure and advanced trading platform technology, will make it easy to quickly feature the newest, most innovative blockchain projects for our international partners and customers. 
 

Bill Shihara
CEO, Bittrex

Those preparing for listing on Bittrex International's assets will have to meet the standards set by the company for new tokens, which include such criteria as “authenticity, innovation and quality”. Also, the coins should not contradict the requirements of the Maltese Law on Virtual Financial Assets.