April 24, 2024

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[THE INVESTOR] New cryptocurrency exchange Dexko on Feb. 9 said it started receiving pre-registrations for new users, with goal of launching the service on March 15. 

Korea Digital Exchange, which operates Dexko, said it would initially offer 10 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple. It plans to launch new coins as well, following internal technology assessment. 

“We worked hard to remove defects and minimize customer inconvenience by conducting in-depth analysis on other exchanges,” said Kim Yong-ho, Korea Digital Exchange CEO. “Dexko has completed all the legal and systematic requirements and is preparing to introduce won-based trading soon.”

For pre-registered users, the firm will exempt trading fees for a month from its opening on March 15. It is also holding a lucky draw, giving out coins, as well as Kasse, a cold wallet made by Hyundai Pay, blockchain-based fintech firm established by Hyundai BS&C. 

Dexko’s arrival comes amid rush of major Chinese exchanges making debuts here, including OKCoin, Huobi and Zeniex, a new exchange jointly established by Chinese and Korean industry experts. 

Recently, Korea Digital Exchange partnered with blockchain firm Double Chain and Hyundai Pay to create a new coin Hdac, dubbed “Hyundai Coin.” Industry sources say Hdac will be listed on Dexko exchange. 

Earlier in January, Korea Digital Exchange signed a memorandum of agreement with Chinese cryptocurrency exchange Bibox to share technology on cryptocurrencies, expand global business and list new coins together.

By Ahn Sung-mi (sahn@heraldcorp.com)