What are the big 3 exchanges in Korea doing now?!

IONIA
IONIA
Published in
3 min readOct 5, 2018

I am John :)

In this post, I’ll show you what businesses are currently focusing on by Exchange in Korea.

Let’s take a look at the interests and focus areas of the Korea’s Big 3 exchange to see where the trend in the crypto currency market is going.

Korea’s Big 3 Exchange
(2018.10.04 Coin Market Gap Reference)

Bithumb (World’s 10th by volume)
UPBIT (World’s 20th by volume)
CoinOne (World 68th by volume)

3. Coinone (Global 68th by volume of transaction)

When market regulations were tightened in Korea,
Coinone is looking for an overseas market.

Indonesia was the first country to be selected as an overseas market.
In Southeast Asia, the cryptocurrency market is growing, while regulations on the domestic market are not being eased.

2. UPBIT (World’s 20th by volume)

UPbit is also looking for a foreign market.
That country is Singapore.

The company that runs the UPbit is a DooNaMoo.
“The exchange is a world market in nature,” said Lee Seok-woo, head of the DooNaMoo.
“The situation in korea is not good, but I have decided that we should not miss the opportunity overseas now,” he said.
In the end, we are looking for growth in overseas markets, leaving the domestic market where there is no sign of easing.

1. Bithumb(World 10th by volume)

Bithumb has recently launched its second Bithumb Exchange.
The exchange is the decentralized exchange, Bithumb DEX, which is being launched at the end of October and will open in Hong Kong.

To that end, they are working with the blockchain company, which operates the global decentralized exchange.
With the company’s overseas expansion, the company has different directions to create exchanges that reflect new trends.

Major domestic exchanges now tend to enter foreign markets and prepare for DEX. This is not limited to domestic exchanges. Major overseas exchanges are also preparing for the decentralized exchanges. I hear that the world’s top exchanges, the Binance and the Huobi, are also seeking to decentralized Exchange.

As you can see, the decentralized exchange is becoming a definite trend.
Ionia also plans to launch a decentralized exchange soon.

We’re working to solve the problems of our existing centralized exchanges and to have a distinct advantage from other central exchanges.

Ionia DEX is trying to deliver new value that users have never experienced before.

From the wallet that keeps the crypto currency,
Decentralized Trading Center to pay compensation
Automatic trading to help investment
Information about when and where to invest.

Wow! In short, is it all about investing?
I hope many of you!!

“Manage scattered crypto assets in one convenient wallet, participate in Ionia DEX, and get compensation for NIA Token! “

Ionia project and product introduction website

The Project IONIA http://www.ionia.one

Telegram https://t.me/ionia_official

Twitter https://twitter.com/Ionia_io

Github https://github.com/IONIA-Foundation

Raddit https://www.reddit.com/user/ionia0129

--

--