Upbit is expected to offer functionality similar to Kakao Stock. Users will be able to interact with the platform over their mobile device, similar to how they already interact with Kakao Stock. During the initial Upbit launch, the platform will mostly handle bitcoin and major altcoins – like Ethereum, Ripple, and Litecoin. However, the ultimate goal of Upbit is to allow trading of 111 different cryptocurrencies from 167 different markets. They also plan to be South Korea’s largest digital currency exchange, surpassing existing exchanges like Bithumb, which typically sits in the top 5 in terms of worldwide trading volume. Upbit will be available for iOS and Android. Users will also be able to access it on desktop computers through any standard web browser. In addition to offering cryptocurrency trading services through an exchange, Upbit will give users coin investment guides, altcoin analysis information, and other information. There will also be an internal Bitgo wallet available to users. Plus, users can use Kakao Pay – the mobile payment solution created by Kakao – for added security.
Trading volumes on the exchange
Distribution of volumes by pairs
Currency traded on the exchange