Japanese Publicly Listed Companies Launch Cryptocurrency Exchanges in South Korea

Two Japanese companies listed on the Tokyo Stock Exchange have recently expanded their cryptocurrency operations into South Korea. One has partnered with a local company to launch a bitcoin exchange with a plan to add merchant services. The other held an ICO to develop a crypto exchange after launching a mobile game which allows users to earn bitcoin.

Bitpoint Korea

Remixpoint Inc (3825.T), which operates the bitcoin exchange Bitpoint in Japan, recently launched a cryptocurrency exchange in South Korea called Bitpoint Korea.

Cryptocurrency services offered through the partnership include an exchange, spot transaction services, and money transmission services. The exchange currently supports BTC, BCH, and ETH. For further expansion into the Korean market, the company plans to provide merchant payment solutions to retail stores in the near future.To launch this exchange, the company partnered with a Korean company called Sys & Tech which develops Forex margin automated trading systems. “In this business tie-up, we supply virtual currencies and liquidity to the virtual currency trading system, while Sys & Tech will be responsible for [its] operations including marketing and customer correspondence. We will revitalize the Korean virtual currency market,” Remixpoint claimed…

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