[Korean Exclusive News]
Author: Shin Yi Jin, South Korea
A blockchain company ‘Streami’, which runs a Korean crypto exchange Gopax, announced on 1st June that it will start the global service of Gopax.
Gopax is an exchange that can be accessed from any country. The exchange supports crypto-crypto trading and trading of all coins listed in South Korean exchanges.
Gopax added that, “(the exchange) uses DAI stable coin, developed by MakerDAO, as the basic trade pair with BTC and ETH.”
‘DAI’ is a coin recognised as one that can resolve the issues of credibility of the exchange and the amount of commission per withdrawal that arises from the current administration method of the exchange which requires users to deposit into the exchange and get their deposits checked before they can start trading.
Streami has discovered the advantages of ‘DAI’ in its early stages and noted that, “(we) have established partnerships with MakerDAO and we are actively utilising the advantages.”
Streami also emphasised that, “(we) view Gopax and the launch of its global services as the first stage of ‘Hub’ model which increases liquidity using the global demand. This model increases liquidity because the exchanges from different areas adopting the model will share one ‘Order Book’. We are expecting Gopax to play the central role in providing the ‘Trade Order Book’.”