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Cryptogenes, a market research firm operating out of Switzerland through the legal entity HeyDays Services, has released a report detailing the results of an audit of Singapore’s 20 centralized cryptocurrency exchanges.
Singapore cryptocurrency exchange DigiFinex seeks to become a cutting edge trading platform, currently handling a daily trading volume that exceeds $400 million.
Korean business daily Financial News reported that major overseas cryptocurrency exchanges are entering the Korean market, attracted by Koreans’ well-known love of cryptocurrency and the lack of official regulation.
DigiFinex has been in the market for less than two years but has already managed to become one of the most promising cryptocurrency exchanges in the world, with a recent 24-hour volume of over $1.5 billion according to CoinMarketCap.