South Korea is getting a new cryptocurrency exchange, one backed by an already established fintech firm.
The new platform, known as Upbit, is a partnership between South Korean app maker Dunamu and U.S.-based Bittrex, one of the market's longest-running exchanges focused on alternative cryptocurrencies.
Set to open next month, Upbit plans to support an extensive range of tokens (over 100 in total). As such, a key part of its value proposition will be the consolidation of potential trading options.
Upbit's website further indicates that BitGo, a pioneer of multi-signature solutions for cryptocurrency companies, will provide wallet security to the exchange's customers.
Seoul, South Korea image via Shutterstock
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