Earlier this week, CCN reported that listing of cryptocurrencies by Bithumb and other South Korean exchanges is crucial for leading cryptocurrencies because the integration of South Korean trading platforms offer immediate liquidity to a rapidly growing market.
“Bithumb has been an important factor in the rapid growth rate of Bitcoin Cash. As the second largest cryptocurrency exchange in the world behind Bitfinex, the integration of Bithumb provides significant liquidity to a cryptocurrency. The importance of the integration of Bithumb has recently been demonstrated by Qtum. Within five days of integrating Qtum, Bithumb became the largest Qtum exchange market with around 51 percent in market share,” read a CCN report.
It is important to acknowledge that Coinone operates a major offline exchange which targets institutional investors, retail traders, and high profile investors in the traditional financial industry. It offers direct customer service in the Coinone Blocks headquarters in Seoul and walks through the process of trading cryptocurrencies with clients.
In an interview with News1, a South Korean business news publication, a 53-year-old investor stated:
“Due to the emergence of physical cryptocurrency exchanges and offline customer service operations launched by CoinoneBlocks and Bithumb, many investors in South Korea are rushing to sell their stocks and equity in public companies to invest in cryptocurrencies such as bitcoin. Since the beginning of 2017, the demand for bitcoin has increased significantly and investors have been able to build trust over the cryptocurrency exchange market through offline exchanges.”
