Dong-A Features Bluebelt, a Multinational Cryptocurrency Exchange
As the size of the cryptocurrency market grew larger, cryptocurrency exchanges surpassed hundreds of billions’ worth of profit. What we should know here is that the fundamental and primary task of cryptocurrency exchanges is still to provide a platform for secure transactions. BLUEBELT, a multinational cryptocurrency exchange established to protect investors’ assets equally across nationalities and ethnicities, has been drawing much attention since it announced the launch in Korea.
Due to fierce competition among local cryptocurrency exchanges, lots of marketing is being done to attract many customers and generate significant profit in a short period of time. However, cryptocurrency market trends can change anytime. The key point to consider is ’How safe is it?’ Thorough security maintenance and continuous trading volume should be the basis. The cryptocurrency exchange will eventually become a decentralized and dividend-paying exchange. Bluebelt is a platform for multinational cryptocurrency exchange in 10 countries like Japan, Hong Kong, the Philippines, Malaysia, Indonesia, Cambodia, Myanmar, and India. It recently announced differentiation when it acquired a license for an exchange in Estonia. This proves that each country complies with the law on cryptocurrency and provide trustworthy cryptocurrency exchange to customers.Optimized for the Security Token MarketThe traditional cryptocurrency exchange market is still skeptical about issuing utility tokens through ICO. This is because they do not acknowledge it as a stake in a company but take it as a proof of investment. It is also true that many utility tokens have shown limitations, such as violating securities laws in the U.S. and other jurisdictions. Bluebelt not only provides utility tokens for users with transparent, legal management; but also, built a platform to enable the trading of security token, world’s first general trade was impossible.
Security tokens are safer investments and demonstrate ownership of company shares. Security tokenization can make existing assets more flexible by linking existing assets with blockchain technology. There are many cases where utility tokens are made to avoid finance regulations using blockchain’s liquidity. However, as the days for stock to be freely transferred like the existing coins are nearby, there is no choice but to draw attention to the security token. This indicates that token services such as ‘stock’ that receive dividends or give ownership of assets in addition to tokens for simple trading will lead the market.Bluebelt, which has excellent IT infrastructure through major IT companies in Japan and Vietnamese technology centers, plans to provide differentiated trading service in Korea. CEO Miyauchi, who was also a former CFO of the Livedoor Group (a Japanese portal site IT company, it was acquired by Naver Japan in 2010 and became a Line Japan), is currently expanding his business through FX-based ‘NatureForex’ and Hotel Chain Group ‘A GOOD DAY.’ “We started our business to recognize and overcome various problems including the negative perception of the local cryptocurrency market,” said Kyu-Chul Bang, CEO of Bluebelt Korea. “Bluebelt Korea plans to focus on acquiring a formal license for cryptocurrency and creating systems and environments so that cryptocurrency can be actively traded.”