South Korea’s Giant Corporations Invade the Crypto Market

In Investments, News
crypto market

Multi-billion dollar companies in South Korea joins the cryptocurrency by barging in the crypto market while financing succeeding exchanges.

These multifarious categories belong to the gaming, insurance,  internet, and telecommunications group. They capitalized on exchanges like Bithumb, Korbit, and Upbit.  This is for them to get immersed in the South Korean crypto market exchange. At the same time, to be at the prominence of Blockchain advancement.

It was reported that NHN (formerly Hangame Communications) funded OKCoin.  It used to be the largest crypto market in China before the crypto trading ban in 2017.  It has intentions of instituting OKCoin Korea. Several other big companies include Kakao, SK Telecom, and Nexon to name a few.

South Korea is indeed the first Asian country to be driven by cryptocurrency. Major digital currencies play a big part in boosting the nation’s economy. A large portion of the population owns cryptocurrencies. In fact, millennials are the most active investors based on survey.

Even at a young age, teenagers invest in different cryptocurrencies. They perceive it as an easy way to get rich. Also, they are intrigued by the intrinsic technology behind it.

Based on the observations of market analysts, Korea’s cryptocurrency governance could intensely bounce the prices up or down.  The country ranks third as the largest crypto market in the world.  A nation could not turn out to be a Crypto-Nation if its people are not aware of the technology’s existence.

Several cryptocurrencies are circulating in the crypto market today and one is Ethereum. Spyce is established from the official called Ethereum Request for Comments (ERC) 223. It is the escalating currency of dnet and is obtainable through domestic mining.

Spyce can be interchanged with other key cryptocurrencies like Ethereum, Bitcoin, and Dash. It is anticipated to be transacted throughout major cryptocurrency exchanges, including Bitfinex, Bittrex, Bithumb, Poloniex, and many others by the last quarter of 2018.

The dnet Spyce can be used to purchase apps, goods, services and process micropayments. As a result, the crypto-currency infrastructure is held in place to manage massive volume of customers.

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