New Korean Exchange – Coinbit
Finally after failing to meet the April 30 deadline new Korean exchange “Coinbit” is ready for the launching. The new marketplace will open on May 11th, which will list 50 of the most popular digital assets of this spring, as well as those already created, such as Litecoin (LTC).
Koreanmarketing and trading is considered to be highly essential for the crypto ecosystem. On high-volume exchanges, there are still Fiat pairs against the Korean Won and put a completely different risk profile for many assets. Korean markets have as well operated as a mechanism for detecting prices and a liquidity source for many well-known ICOs, providing a relatively fast listing and active trading.
So far, the lists on the exchange as Bithumb have raised previously sinking coins. Nevertheless, some markets remain less powerful, and at this point, KuCoin is one of the hottest markets, mainly due to the listing of numerous assets and providing disclosure to a brand new coins.
Today Coinbit exchange launches with a month of zero fees to promote trading and afterwards it would offer fees of 0.05%.
Coinbit will add in listings Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), but also several prominent tokens, such as Ardor (ARDR), NXT (NXT), and also Ripple (XRP) and Ethereum (ETH) together with Ethereum Classic (ETC).
Stock exchanges are so far irreplaceable for a cryptocurrency ecosystem, in spite of the efforts to seek alternative trading mechanisms through smart contracts, where users never lose ownership of their assets.
The up and coming Coinbit exchange has yet to prove itself and reach out to the community, but the listing may create hype for some of the assets.