More Cryptocurrency Exchanges Springing Up in Asia as Regulatory Uncertainties Begin to Fade Away

More Cryptocurrency Exchanges Springing Up in Asia as Regulatory Uncertainties Begin to Fade Away
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With the regulatory bottlenecks in Asia slowly paving the way, it has given rise to more virtual currency exchanges in the region in recently. Here we’ll be doing a brief preview of some of the newest of them all.

Coinbit – is the exchange recently created by the highly reputable South Korean game developer, Axia Soft Co. Ltd. In a bid to celebrate its successful launch, Coinbit is offering users zero fee trading until May 31, 2018.

According to the Coinbit team, it would first start offering support for bitcoin and 49 alternative cryptocurrencies; then it would list more than 100 virtual currencies before the end of the year.

At current Coinbit has listed established coins such as bitcoin, ethereum, ripple, litecoin, waves and more.

Jibex – the Jibex cryptocurrency exchange has been developed by Thailand’s information technology firm called J.I.B Computer Group Co. Ltd, a company whose primary business is to sell and distribute computer hardware and IT trading products. J.I.B is a leader in its niche, with over 150 stores in Thailand.

At launch, Jibex would only support five established cryptos including bitcoin, ether, litecoin, ripple and bitcoin cash. However, the exchange would add more alternative cryptos.

Jibex has created wallets for the coins it intends to list. The exchange has stated it would offer commission-free trading for 45 days ending on June 26, 2018.

The Chairman of Jibex, Dr. Thantharaksuk Chotirat reiterated that:

“The partnership with J.I.B Computer Group (JIB) will give users peace of mind and confidence in their investment. The service is good, fast and attentive to all customer needs.”

Kenniex cryptocurrency exchange has opened shop in Vietnam. It’s headquartered in Ho Chi Minh City and boasts of being the “first live cryptocurrency exchange in Vietnam…[and] the first e-money trading platform in Vietnam to have a trading office where investors can experience our services as well as receive effective investment advice,” it declared on its website.

Kenniex has a transaction fee of 0.4 percent, but customers will be charged a meager 0.2 percent in the first month of launch. The exchange makes it possible for customers to convert bitcoin and ethereum into VND and vice versa.

The global cryptocurrency industry is gaining momentum once more after a brief period of fear uncertainty and doubt threatened to kill the joy of hodlers. Now, with quite many nations such as Germany, Malta, South Korea and others formulating amenable regulations for the cryptosphere, it is time for another period of growth and vibrancy.

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