In South Korea, trading began officially in the branch of the Chinese currency exchange Huobi .
South Korean branch of Huobi supports 100 altkoins and trade in 208 markets, (77 ETH markets, 98 BTC markets and 33 markets of USDT).
Also, investors are offered a program to protect their funds and compensation in the event of losses that are beyond their control.
According to Coinmarketcap , the global currency exchange Huobi Pro is the world’s second largest trading volume. Since September 2017, the headquarters of the exchange is located in Singapore, after the Chinese government banned the ICO and the activities of domestic crypto-exchange exchanges.
Now Huobi is aimed at foreign markets. After the launch of the branch in South Korea, it is planned to open a branch in the United States.
Kriptonok of South Korea
The South Korean crypto-currency market is the third in the world, after the American and Japanese. At the beginning of the year, crypto-currency mania spread, because of which courses of some altkoins in Korea exceeded world prices by 30%.
In December 2017, an anonymous crypto-currency trade ban was signed inside the country, and in January, more than 200,000 Koreans signed a petition demanding a refutation of rumors about a complete ban on crypto-currency trading.
The government of the Republic of Korea is now considering a revision of the ICO ban, and six major national banks continue to support crypto-exchange exchanges.
It is also known that in June the government plans to publish the structure of crypto-taxation.