Author: Kellah Ghee, Philippines
Few Asian countries have open their doors in the cryptocurrency ecosystem. For that, four crypto exchanges will be launched in Vietnam, Thailand, Philippines and South Korea.
Japan and South Korea have shown interest and are motivated to implement crypto which made them the only two countries in Asia that has the most trade volume.
A crypto exchange called Coinbit, was recently launched in South Korea by the game developer Axia Soft Co. A zero commission trades will be offered for its users in its grand opening until May.
Coinbit mentioned that 50 cryptocurrencies will be available to their platform initially, and another 100 will be added by the end of 2018. Bitcoin, litecoin, neo, and ripple are the few coins that will be on the list.
Thailand has a new cryptocurrency exchange Jibex opened recently. It was developed by the J.I.B. Computer Group Co. Ltd, an IT company and has 150 stores nationwide.
“The partnership with J.I.B. Computer Group will give users peace of mind and confidence in their investment.” Dr. Thantharaksuk Chotirat, the chairman of Jibex, mentioned.
“The service is good, fast and attentive to all customer needs.”
In their opening, a count of five coins was available. Jibex also supports a wallet for these digital coins. The IT company’s CEO, Thuntee Sukchotrat, assured its users that more crypto coins will be in their system soon.
0.24% is the said commision of Jibex in their opening. Until June 26, no trading charged fee will be offered.
In the capital city of Ho Chi Minh in Vietnam, Kenniex digital coin exchange was born.
“The first live cryptocurrency exchange in Vietnam and the first e-money trading platform in Vietnam to have a trading office where investors can experience our services as well as receive effective investment advice,” is what Kenniex said in its site.
It was mentioned in a local media that from 0.4% transaction fee, it dropped down to 0.2%.
Glosfer, a South Korean based blockchain company, has collaborated with Coinvil to develop and launch a new crypto exchange in the Philippines.
The Korean company will build the platform itself while Coinvil will handle the operation exchange. Park Rae-hyun, the CEO of Coinvil, aims this:
“The Philippines will become the largest cryptocurrency trading market that connects Europe and Asia.”