Major Korean Exchange Launches in Indonesia with Six Cryptocurrencies

One of South Korea’s top three cryptocurrency exchanges, Coinone, is launching an exchange in Indonesia. Initially, six cryptocurrencies will be supported but the exchange plans to add more coins. Coinone is also launching an airdrop event for 10,000 pre-registrants.

Coinone Launching in Indonesia

Coinone announced on Monday that it is launching Coinone Indonesia in Jakarta, 'making [it] first among the top cryptocurrency exchanges in Korea to enter the global market,' the company wrote.

The CEO of Coinone Indonesia, Alan Song, elaborated:

Coinone Indonesia wants to be the gateway that introduces people to the concept of blockchain and cryptocurrency, and facilitates access for users in Indonesia to have various types of digital assets or cryptocurrencies quickly and safely.

About Coinone Indonesia

Pre-registration for Coinone Indonesia begins on April 16 and will last a month; only email addresses are needed. While the new exchange will begin service on May 24 for pre-registered users, it will officially launch in June. The exchange explained:

Foreigners who are not Indonesian nationals can also apply…after the pre-registration period, foreigners need a separate examination process through the passport and non-face-to-face certification process.

Specifically, Coinone Indonesia’s website states that the "lucky 10,000 persons who applied for pre-registration will be chosen to get trading fee [of] 0.00% coupon and [the] Qtum Airdrop.'

Last week, news.Bitcoin.com reported that 23 cryptocurrency exchanges, including Coinone, have agreed to self-regulate in Korea.

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