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Korea's Coinone Launches Physical Cryptocurrency Exchange

s. Its daily trading volume is comparable to that of the second largest exchange, Korbit. Bithumb remains the largest bitcoin exchange with approximately 76% of the domestic market share. In addition to operating a cryptocurrency platform, Coinone operates Cross, a blockchain-based remittance service.

“Consumers in Korea are recently calling for a more secure means to exchange cryptocurrencies,” Korea Joongang Daily noted. “Coinone Blocks is intended to fulfill the needs of consumers who want to receive tangible services,” a Coinone spokesperson explained.

Coinone Blocks’ Consultation Desks.

Coinone Blocks consultants can help customers with issues regarding digital currency transactions. They can also discuss related technologies and policies as well as the future of blockchain-based finance. The complex has a lounge and meeting rooms where blockchain-related meetings can take place, Zdnet described.

“We will lead the market with customer-oriented service through the opening of Coinone Blocks,” CEO Cha Myung-hun was quoted saying, adding that:

The purpose of Coinone Blocks is to create a healthy and transparent ecosystem for digital currencies.

Last month, Bithumb launched a walk-in customer service center with a consultation service, but it does not offer the full range of exchange services Coinone Blocks offers.

What do you think of Coinone’s physical exchange? Let us know in the comments section below.

Images courtesy of Shutterstock, Coinone, Newsis and Zdnet Need to calculate your bitcoin holdings? Check our tools section.
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