The popular South Korean cryptocurrency exchange Upbit is planning a new move. As reported on our DC Forecasts crypto news site earlier, the exchange has been making efforts to expand on new markets. This time, however, the company officially announced it move in which it is said to expand in Thailand and Indonesia.
Upbit will help Thai and Indonesian people to buy and hold Bitcoin and various altcoins – as well as enjoy the benefits of its exchange with over 130 coins and 24o trading pairs. As one of the largest cryptocurrency exchanges in South Korea, Upbit recently launched an exchange in Singapore – and is now planning to expand to two new territories.
According to one publication named Edaily:
“Both countries appreciate the growth potential of the cryptocurrency industry. Thailand and Indonesia are very interested in blockchain and cryptocurrency, so we thought it would be a good thing to have an online presence before launch.”
Operated by Dunamu Inc. which is an affiliate of Kakao Corp. which operates the country’s most popular chat app Kakaotalk, Upbit is affiliated with the US exchange Bittrex. As the news outlet shows, the exchange was also planning an expansion move overseas, quoting the CEO stating:
“From the outset of the Upbit business, the company had a blueprint to become a global foreign exchange, not limited to the domestic market.”
The current websites confirm that Upbit will be available in Thailand and Indonesia soon. For Thailand, there will be 131 coins and 241 pairs listed – while Indonesians will benefit from 156 coins and 276 trading pairs, accordingly.
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