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Wednesday, September 27, 2017

Crypto News: Korea’s Biggest Messaging App to Launch Exchange with 100+ Cryptocurrencies

Korea’s Biggest Messaging App to Launch Exchange with 100+ Cryptocurrencies

An affiliate of Kakao, South Korea’s largest messaging platform, is set to launch a comprehensive new cryptocurrency exchange Upbit – with support for some 110 cryptocurrencies.

South Korean FinTech startup Dunamu, the operator of the country’s most popular stock trading app Kakao Stock, has revealed details of a new cryptocurrency exchange called ‘Upbit’. Dunamu, an affiliate of Kakao Corporation which sees its messaging app KakaoTalk used by 93% of South Korea’s population, reportedly said on Monday that Upbit will be the largest virtual currency exchange in South Korea.

Upbit will be put to trial on a beta launch in October following a partnership with U.S-based digital currency exchange Bittrex. The partnership enables the soon-to-be-launched exchange to allow users to trade cryptocurrencies not found on existing Korean exchanges. Bithumb, Korea’s largest exchange by trading volume, currently offers support for seven cryptocurrencies according to data on its website.

Full story at

Source: CryptoCoinsNews

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