Upbit, the South Korean cryptocurrency-exchange, has been active in Thailand and Indonesia as part of a global expansion plan, according to Edaily.
Upbit recently opened an exchanger in Singapore. According to their website, more than 130 coins and 240 trade pairs will be offered on both new Upbit exchanges.
According to local media, Upbit performs crypto-exchange in Thailand and Indonesia in local languages. The company has created separate sites for each new exchange. The message Edaily says that the Upbit company on Friday said that "both countries value the growth potential of the cryptocurrency industry". For this reason, two separate information sites were created to improve the quality of service.
"Thailand and Indonesia are very interested in the development of the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details and the crypto-sphere, so we thought it would be good to inform people before launching the exchanger" – from the message in Edaily.
Recall that Upbit is owned by Dunamu Inc., a subsidiary of Kakao Corp., which manages the most popular chat-application in Korea, Kakaotalk. Upbit is also associated with the American Bittrex exchange.
Recently, Upbit officially launched the Singapore exchange, which supports Singapore dollars. The company is planning new exchanges to support baht in Thailand and rupees in Indonesia.
"Get ready to meet with Apbit Thailand soon" – message on the first page of the Thai Upbit website.
The site also states that the state of the exchanger is in the “closed beta” stage and is currently available only to a limited number of early registrants. There will be 131 coins and 241 shopping pairs.
Editor: Yuliya Soroka