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Is Upbit a South Korean crypto exchange?

Conclusions Upbit is a South Korean crypto exchange that was founded in 2017 by one of South Korea’s richest men, Song Chi-Hyung. Bittrex, an American crypto exchange platform, helped Upbit a lot when launching the platform.

What is Bithumb Korea?

(March 2019) Bithumb is a South Korean cryptocurrency exchange. Founded in 2014, Bithumb Korea has 8 million registered users, 1 million mobile app users, and a current cumulative transaction volume has exceeded USD $1 trillion.

Is Litecoin safe in South Korea?

Bithumb and Upbit, two of the leading exchanges in South Korea, have issued a warning about Litecoin, one of the most popular cryptos. The two exchanges carry the majority of trading volumes in South Korea, and they have advised investors of the risks affiliated with the recently integrated privacy feature on Litecoin.

Is Litecoin's MWEB spooking the exchanges in South Korea?

Litecoin implemented the MimbleWimble Extension Blocks (MWEB) recently to boost privacy within the network. The privacy-focused upgrade could be good news for developers and users of the Litecoin network, but it has spooked two of the leading exchanges in South Korea.

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