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."

Coinone

, 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.

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