Dunamu is launching the Upbit digital currency exchange, with the aim to become the largest digital currency exchange in South Korea.
Upbit will trade over 110 crypto-currencies, such as bitcoin, ethereum, litecoin and ripple. By comparison, most exchanges in Korea usually trade less than 10 different digital currencies.
Dunamu signed an exclusive partnership agreement with Bittrex, the digital currency exchange based in the USA.
Pre-registration for Upbit began on 25 September. Pre-registered users will then be entered into a drawing to receive one coin from the list of crypto-currencies which will trade on Upbit, including bitcoin.
Upbit will provide users with Bitgo wallets tand Kakao Pay authentication for added security. Upbit will be available on both Android and iOS, as well as online.
South Korean fintech company Dunamu is affiliated with Kakao Corp, which owns Kakao Talk, Korea’s leading smartphone messenger app.