South Korea's First Multisig Bitcoin Wallet Launches

Apr 14, 2015 at 11:25 a.m. UTC
Updated Sep 11, 2021 at 11:38 a.m. UTC

Coinone has become the first bitcoin exchange in South Korea to launch a multi-signature wallet, using BitGo's API.

In a statement, Coinone CEO Myunghun Cha said it was time for exchanges to provide the "equal level of safety and control" as multi-sig wallet providers.

He continued:

"We decided that multi-sig technology from BitGo was the answer to many security concerns facing exchanges and wallets. With its implementation, we hope to bring in more users from the national and international pool of bitcoin users."

, which also offers a wallet app and a payment gateway service, was built by Devign Lab following the closure of a $200,000 seed funding round provided by K Cube Ventures.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
First Mover Asia: Bitcoin Dominates but Altcoins Lurk

Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.

Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.

CoinDesk - Unknown
2
CoinDesk - Unknown
NEAR Protocol

CoinDesk - Unknown
3
CoinDesk - Unknown
MOBOX

CoinDesk - Unknown
4
CoinDesk - Unknown
Moonriver

CoinDesk - Unknown