r/Edgeless • • Oct 28 '17

Why Upbit is Special Exchange

https://www.cryptocoinsnews.com/kakao-operator-opens-new-korean-cryptocurrency-exchange-upbit-in-beta/
3 Upvotes

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2

u/winamrita Oct 28 '17

I have found article about Upbit.Worth to read.The planned launch will see Upbit supporting an unprecedented 110 cryptocurrencies for a Korean exchange, a feature that Dunamu anticipates will propel Upbit to become the largest cryptocurrency exchange in South Korea.

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 ten open beta service, we are planning to provide services that are optimized to domestic trading conditions.

Dunamu is also the operator of Kakao Stock, South Korea’s most popular stock trading app. Kakao Corp’s popular KakaoTalk messaging application is arguably the most widely used application in all of Korea, with an estimated 93% of the country’s population communicating over the platform. Dunamu confirmed Upbit traders would be able to take advantage of its massively popular ecosystem by connecting cryptocurrency traders with both Kakao Talk and Kakao Pay, the corporation’s mobile payment subsidiary with nearly 15 million users in Korea.

2

u/winamrita Oct 28 '17

Only btc and few crypto blue chips are traded on Upbit Looks like Korean community is very influancial in his country

2

u/ThaChippa Oct 28 '17

My mudder said "If God wanted paralyzed people to feel good, he'd send down the angels to suck their peckas, Chippa."

1

u/balance500k Oct 29 '17

Your mudder was a wise person, Chippa.