Singapore-based Crypto Exchange AlphaBit Forays Into South Korean Market

Singapore-headquartered AlphaBit (ABCC) exchange has announced about its plans to expand to South Korea. The exchange already launched a Korean website

Tue, 11/09/2018 - 15:03

Singapore-based Crypto Exchange AlphaBit Forays Into South Korean Market

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Singapore-headquartered AlphaBit (ABCC) cryptocurrency exchange has announced about its plans to expand to South Korea, Korea Herald reports. The exchange has already launched a Korean website, and it’s currently working on a new trading app for mobile phones.

ABCC's CEO Calvin Cheng explains that South Korea is considered to be one of the biggest crypto hubs in the world, so they feel enthusiastic about entering this huge market. In addition, he claims that the company is focused on long-term success rather than front-loaded financial gains.

The exchange, which offers their investors no-fee trading, was launched back in April.

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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.