Dunamu Inc., the operator of a leading cryptocurrency exchange UPbit in South Korea, announced the launch of its trading platform in Singapore next month.
The company Dunamu, which leads UPbit crypto currency exchange, has opened a Singapore branch UPbit Singapore in February and is currently very close to full launch business in the country of high technologies.
Although the exact launch date UPbit Singapore is not yet installed, the operator of the trading platform announced about the readiness to start work in early October.
CEO UPbit Singapore Alex Kim said that users of the new exchange will be able to trade all crypto-currencies that are supported by the partnership crypto currency exchange Bittrex.
“We are convinced that reliable service UPbit together with the opportunity to exchange Singapore dollars and bitcoins, Ethereum, and USDT supported Bittrex, will allow us to attract users and establish a presence Upbit on the world market,” said Kim.
Representatives Dunamu explained that Singapore actively supports the technology of the blockchain, and loyal attitude of the authorities to the crypto industry will contribute to the company’s plans to cover the Asian market of digital technologies, to lead a number of relevant projects and to build a healthy environment of global competitiveness.
Also, as reported, the decision to open a crypto currency exchange in Singapore was due to the sensible approach of the authorities to the regulation of the market of a new asset class and global development blockchain industry. UPbit Singapore, in turn, hopes to become “a bridge between Korea and the global cryptocurrency market.”
Recall that in August, customers UPbit began to have doubts about the insolvency and financial problems of the company, who were born on the background of rumors about the poor results of the may inspections of the trading platforms from the authorities. A new study by the auditing company Yoojin from South Korea has confirmed the full solvency of the exchange UPbit.