New Cryptocurrency Exchange Introduced in Philippines, Vietnam, Thailand & Korea

There are several crypto exchanges that are being opened in various corners of the world. The latest ones have been opened in the Philippines, South Korea, Vietminh, and Thailand.

South Korea’s New Cryptocurrency Exchange

Coinbit is the name of the new Cryptocurrency exchange that has been opened in South Korea. This new platform that is managed by Axia Soft Co., a South Korea game developer, seeks to offer no commission trades up until the end of may 2018.

This new exchange platform has also made it clear that about fifty virtual currencies will be initially listed and over a hundred coins will be included on the platform before the year comes to an end.

Some of the supported virtual coins on this new platform are BCH, Ripple, Ethereum, BTC, Litecoin, Ethereum Classic, Stox, Waves, Eos, Neo, Qtum, Omisego, as well as Vechain.

Jibex Begin Operations in Thailand

Jibex is a crypto exchange that is fully backed by J.IB Computer Group Co. Ltd, a leading IT firm in Thailand. Jibex has stated that it would support five virtual coins and they include Bitcoin Cash, Bitcoin, Ripple, Litecoin, and Ethereum. Thuntee Sukchotrat, who is the Chief Executive Officer of the company, has stated that more cryptocurrencies will be added in the coming future.

In addition to that, this new exchange also plans to offer a wallet that would support the first five virtual coins in its current list. As a way of attracting more users to this new crypto exchange, Jibex has wavered the 0.24% that it had as its commission.

For the first 45 days of trending, there is no trading fee that would be imposed on traders. This period would come to an end on the 26th of June.

Kenniex in Vietnam

With its head offices in Chi Minh City, Kinniex Cryptocurrency exchange is the latest to open its doors in Vietnam. According to the management of this exchange, it is definitely the first live virtual coin exchange in this country and also the first online money trading platform to have opened a trading office in the country. In this office, customers would also be able to get professional advice on matters to do with investment.

At the moment, clients would only be able to convert Ethereum and BTC into VND and the other way round. The fees for the transaction, in most cases, are 0.4% although it has been lowered to 0.2% for the first month it has been launched.

Coinvil Launched in the Philippines

Whereas Kenniex, Jibex, and Coinbit have already kicked off their operations, Coinvil has not. According to an agreement that was done by Coinvil and Glosfer, a South Korean blockchain technology and service provider, these two firms will work together to launch a virtual currency exchange in the Philippines.

The platform will be built by Glosfer but it would be fully operated by Coinvil. According to the Park Rae-Hyun, the Chief Executive Officer of Coinvil, this new project will entirely change Philippine’s crypto market.