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According to The Investor, Hong Kong-based crypto exchange BTCC is about to launch its services in Korea on October, 31.

Lee Jae-beom, the head of Korean BTCC office said:

“Cryptocurrency exchanges are facing a turning point due to a downturn in local exchanges while global exchanges are making a leap here.”

At press time, there are only four major crypto exchanges in South Korea. They are: Bithumb, Upbit, Korbit, and Coinone.

BTCC is one of the oldest cryptocurrency exchanges in China. Earlier this year, it relaunched an updating trading platform, simplifying the deposit and withdrawal of funds.

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