The Exchange opened an advance booking, in which more than 150 thousand customers took part
Due to the fact that the Chinese authorities are trying their best to “cut off oxygen” to famous stock exchanges, mining companies, and even traders, the biggest players are already running from the sinking ship. One of them was the Chinese currency exchange OKCoin.
Its representatives said that the stock exchange will start working in South Korea next month. At the moment, the company is actively negotiating about a potential cooperation with one of the largest Korean developers of mobile and computer games – NHN Entertainment.
A bit earlier, the exchange launched the official site okcoinkr.com, where pre-booking is already available. Based on the data on the main page of the web resource, more than 150,000 clients took part in it. The platform offers 60 crypto-currencies, which will make currency pairs Korean Won (KRW). This indicator is much larger than what any of the current exchanges in the country offer. The same UpBit and Bithumb give their users a choice of 30 and 10 types of cryptocurrency, respectively.
Unlike most competitors who are in urgent need of new staff due to the influx of customers, the OKCoin exchange has all the resources necessary for stable operation in the form of 100 full-stack developers. This was stated by the company’s president – Chris Lee.
Recall that earlier some resources claimed that Huobi and OKCoin were forced to temporarily postpone access to the South Korean market due to changes in legislation and the nomination by the country’s regulatory authorities of certain requirements dictating tightening of rules for participants in the crypto-currency market.
The situation has not yet been completely resolved. The head of the financial regulator of South Korea claims that they are seriously considering the possibility of banning the work of crypto-exchange exchanges throughout the country.
It should also be noted that any conclusions and forecasts will be premature, as recently the market and its participants have already responded with outrageous indignation when Minister of Justice Pak San-Gee announced the development of a bill banning the trade in crypto-currencies, therefore, authorities should carefully report such intentions to the community.