New Cryptocurrency exchange platform SecureBTC Trade
Leading South Korean bitcoin brokerage and service provider SecureBit recently launched a trading exchange platform SecureBTC Trade.
Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading
New Exchanges Entering the Market
Despite regulatory uncertainty, new entrants are hurrying to launch cryptocurrency exchanges in South Korea. “An increasing number of information technology (IT) companies, such as gaming and security, have declared to enter the cryptocurrency exchange market,” Business Korea reported on Monday.
SecureBTC will be exchanging Crypto Currency at Higher Rates as compared with other trading platforms. Despite regulatory uncertainty, new entrants are hurrying to launch cryptocurrency exchanges in South Korea. “An increasing number of information technology (IT) companies, such as gaming and security, have declared to enter the cryptocurrency exchange market,” Business Korea reported on Monday.
Many South Koreans, especially among the younger generations, are digital-loving and tech-savvy, which makes digital currencies something appealing to explore and perhaps dabble in.
Huge Profits Drawing Exchanges
“The country has first-class infrastructure for IT networks and offers very fast internet connections – all things which make trading cryptocurrencies easier and faster..
The country has first-class infrastructure for IT networks and offers very fast internet connections – all things which make trading cryptocurrencies easier and faster.
South Korea has four major cryptocurrency exchanges and many small and medium-sized ones. Bithumb has long been the country’s largest crypto exchange by volume. However, Kakao Corporation-backed Upbit claims to have overtaken its volume in December. Other major exchanges are Korbit and Coinone.
Images courtesy of Shutterstock, Nex Coin, Zeniex, and Komid.
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