BREAKING: South Korea Company to Launch CryptoCurrency Exchange named Upbit to Meet Demand as Crypto / Bitcoin Soars From Investors Seeking Relief from Fiat Market Issues. Korean Volume is HUGE.
South Korean company Dunamu Inc. in the fintech sector, announced on Monday that it will launch a cryptocurrency beta exchange: “Upbit” -- next month.
The company states that Upbit will be the largest digital asset / cryptocurrency exchange in South Korea.
The company has signed an exclusive partnership agreement with the U.S. Digital currency exchange Bittrex to help with the project.
Upbit will:
-- have both Android and iOS apps.
-- offer a website accessible through computers.
-- offer coin investment guides with analyses of various altcoins in its market similar to the idea behind Bitquence.
-- offer internal Bitgo wallets to users of the platform as well as Kakao Pay authentication for added security, its website states.
To launch Upbit, refer back to their partnership with Bittrex discussed above - which supports over 190 cryptocurrencies, according to its website.
KBS World Radio, stated initially Upbit will offer 110 digital assets as launch with plans to expand:
“Upbit will trade over 110 different digital currencies including Bitcoin, Ethereum, Ripple, and Litecoin. In comparison, existing exchanges in South Korea trade around six to eight virtual currencies,” sources have written.
Pre-registration for this new exchange begins on Monday, September 25. Users who pre-register will be entered into a drawing to receive one coin from the list of cryptocurrencies that will trade on Upbit, including bitcoin according to Edaily.
This comes as South Korea surpassed China’s Bitcoin trading volume last week according to Coin Telegraph.
“More trading volume than Bitfinex and Bittrex combined,” tweeted Joseph Young, a journalist at Coin Telegraph.
In July earlier this year, South Korea legalized international Bitcoin transfers and is on the verge of providing a regulatory framework for Bitcoin trading platforms and exchanges according to the Korea Herald.
This also comes amid tensions between the U.S. and North Korea, foreign minister Ri Yong-ho of the country held an abrupt press conference in New York, accusing U.S. President Donald Trump of declaring war against North Korea. Ri emphasized that the “world should clearly remember” that it was the U.S. which declared war against North Korea. Ri told reporters:
“In light of the declaration of war by Trump, all options will be on the operations table of the supreme leadership of the DPRK (North Korea),” he stated.
Over the weekend the U.S. and Japan completed a collaborative military drill in which B-1B bombers from Guam and F-15 fighter escorts from Okinawa, Japan flew over the waters of North Korea. This caused global stocks to plunge for three days in a row as analyst explained and they believe that stocks and assets could fall further in value if global markets volatility and economic uncertainty continue, CNBC reported.
“I think the market got a little nervous about that (U.S. bombers flying over North Korean air space). On top of the German elections it makes the market a bit unsure right now,” John Caruso, senior market strategist at RJO Futures said.
Which as an effect caused the price of Bitcoin to increase by $260, after struggling to surge past the $4,000 mark over the past five days and breach its all-time high of $5,050. As investors seek a safe haven for their assets during this market turmoil. Bitcoin is currently trading at [FIAT: $3909.05] at the time of this report according to Coin Market Cap.
As Max Keiser has previously noted,
“in times of global markets volatility and financial instability, an increasing number of investors and traders seek safe haven assets and long-term investments that are liquid, secure, and stable.”
UpBit Official Links:
--
https://twitter.com/UPbitExchange
https://upbit.com/home
Thanks for reading, have a nice day.
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I have always tried to be kind to people every day, as part of my life Philosophy, since I have always believed we can achieve more TOGETHER.
Life Goals:
-- Get Paid to Travel and Blog about Pizza & Those Travels.
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-- Become Crypto Currency Independent and Love Liberty and Life!
-- Continue to Hold and Sell Real Estate as I have done for clients since 1991.
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
South Korean company Dunamu Inc. in the fintech sector, announced on Monday that it will launch a cryptocurrency beta exchange: “Upbit” -- next month.
The company states that Upbit will be the largest digital asset / cryptocurrency exchange in South Korea.
The company has signed an exclusive partnership agreement with the U.S. Digital currency exchange Bittrex to help with the project.
Upbit will:
-- have both Android and iOS apps.
-- offer a website accessible through computers.
-- offer coin investment guides with analyses of various altcoins in its market similar to the idea behind Bitquence.
-- offer internal Bitgo wallets to users of the platform as well as Kakao Pay authentication for added security, its website states.
To launch Upbit, refer back to their partnership with Bittrex discussed above - which supports over 190 cryptocurrencies, according to its website.
KBS World Radio, stated initially Upbit will offer 110 digital assets as launch with plans to expand:
“Upbit will trade over 110 different digital currencies including Bitcoin, Ethereum, Ripple, and Litecoin. In comparison, existing exchanges in South Korea trade around six to eight virtual currencies,” sources have written.
Pre-registration for this new exchange begins on Monday, September 25. Users who pre-register will be entered into a drawing to receive one coin from the list of cryptocurrencies that will trade on Upbit, including bitcoin according to Edaily.
This comes as South Korea surpassed China’s Bitcoin trading volume last week according to Coin Telegraph.
“More trading volume than Bitfinex and Bittrex combined,” tweeted Joseph Young, a journalist at Coin Telegraph.
In July earlier this year, South Korea legalized international Bitcoin transfers and is on the verge of providing a regulatory framework for Bitcoin trading platforms and exchanges according to the Korea Herald.
This also comes amid tensions between the U.S. and North Korea, foreign minister Ri Yong-ho of the country held an abrupt press conference in New York, accusing U.S. President Donald Trump of declaring war against North Korea. Ri emphasized that the “world should clearly remember” that it was the U.S. which declared war against North Korea. Ri told reporters:
“In light of the declaration of war by Trump, all options will be on the operations table of the supreme leadership of the DPRK (North Korea),” he stated.
Over the weekend the U.S. and Japan completed a collaborative military drill in which B-1B bombers from Guam and F-15 fighter escorts from Okinawa, Japan flew over the waters of North Korea. This caused global stocks to plunge for three days in a row as analyst explained and they believe that stocks and assets could fall further in value if global markets volatility and economic uncertainty continue, CNBC reported.
“I think the market got a little nervous about that (U.S. bombers flying over North Korean air space). On top of the German elections it makes the market a bit unsure right now,” John Caruso, senior market strategist at RJO Futures said.
Which as an effect caused the price of Bitcoin to increase by $260, after struggling to surge past the $4,000 mark over the past five days and breach its all-time high of $5,050. As investors seek a safe haven for their assets during this market turmoil. Bitcoin is currently trading at [FIAT: $3909.05] at the time of this report according to Coin Market Cap.
As Max Keiser has previously noted,
“in times of global markets volatility and financial instability, an increasing number of investors and traders seek safe haven assets and long-term investments that are liquid, secure, and stable.”
UpBit Official Links:
--
https://twitter.com/UPbitExchange
https://upbit.com/home
Thanks for reading, have a nice day.
My Philosophy In Daily Life & Travels:
--
I have always tried to be kind to people every day, as part of my life Philosophy, since I have always believed we can achieve more TOGETHER.
Life Goals:
-- Get Paid to Travel and Blog about Pizza & Those Travels.
-- Buy a Pizza Store.
-- Become Crypto Currency Independent and Love Liberty and Life!
-- Continue to Hold and Sell Real Estate as I have done for clients since 1991.
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
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PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
The leading Chinese blockchain platform, NEO, will start trading on the Korean exchange CoinNest, allowing for direct investment of Korean Won.
--
https://twitter.com/BarryDutton/status/912509437369348096
Disclaimer: I am just a bot trying to be helpful.
This is excellent news, I hope this means they will also have steem/SBD.
Good post keep it up
i just up vote you !
You can see my new post- https://steemit.com/crypto/@letsmakes/bitcoin-splits-as-new-currency-takes-off
Follow me @letsmakes
With the war drum sounding louder and louder in the Korean Peninsula, getting a hold of cryptos for just in case reason is smart.
Good point for Korean
This is an amazing innovation. I hope my country, Nigeria, will embrace this kind of innovation one day. Thanks for sharing