Written by Yang, Wang, 머니투데이
Domestic cryptocurrency market, starting battle for supremacy in global stock exchange
The most significant global stock exchange, Bitforex, held the first briefing session for penetration into the domestic market.
The domestic market, which is the competing area of 150 enterprises, is being intensified in the battle for surpremacy.
Global cryptocurrency stock exchanges, armed with quality services and high credibility systems, are gathering the social interest that may break negative images and push growth through launching domestic stock market services.
Globally high-ranked cryptocurrency stock exchange Bitforex held the first briefing session after establishing a Korea branch on November 9th at the Seoul Gangnam ICT Tower.
Over 100 investors and project participants attended this session, which showed that people are interested in the global stock exchange.
Bitforex which was established in February 2017, established headquarters in Singapore and is managing branches in the Republic of Korea, United States, Japan, and Hong Kong. Bitforex is one of the most rapidly growing global stock exchanges. Also Bitforex ranked the first place in the mining event that was held from last August to September. Now, Bitforex stock exchange has over 200 projects such as a technology-company, science research business, etc.
“The existing stock market is completely furnished with systems and the role of participants is defined by law, but the cryptocurrency market is not. In this situation, I considered what is a good stock exchange, and concluded that a good stock exchange should provide the flexibility through which customers can buy and sell the token whenever they want, keeping the token price stable. Moreover, the rise in price, a guarantee of system stability, and user interface (UI) and user experience(UX) should be provided too,” said Jae Young Hwang, CEO of Bitforex Korea.
“ After all, it builds the environment for users and projects. The role of the stock exchange is set between the project funds to raise and protect investors. Multilevel marketing is the problem in the Korean cryptocurrency market, so a platform should do its role by filtering these problematic projects,” he added.
In this session, there was introduction of the domestic projects that cooperated with Bitforex.
Xtock, an over-the-counter transaction platform, Cloudbric the security specialty company, and Fleta, the next-generation blockchain platform, joined the session and introduced their services, presenting their cryptocurrency stock exchange listing plans and global strategies.