South Korean cryptocurrency exchange APRObit will be adopting the joint order book system of crypto exchange Bitfinex.
The APRObit crypto exchange, which will go live next month, will offer both fiat-to-crypto and crypto-to-crypto trading services. The exchange is jointly developed by a global alliance including Genesis Block, Renrenbit, and AAIL, and it will open the door to the global cryptocurrency markets for Korean traders.
APRObit claims that it is the first exchange in South Korea to adopt Bitfinex’s joint order book system, which will enable its users to access one of the world’s most liquid marketplaces. In October 2019, South Korean crypto exchange Upbit ended its partnership with Bittrex, which means APRObit will be the only crypto exchange available in South Korea that shares the market depth of an international exchange.
Jae-Soon Park, Chairman of APRObit, said that the partnership with Bitfinex will solve the liquidity problem that most new exchanges are facing at the beginning stage of their businesses.
“We will provide Korean traders a new trading experience that is built by an alliance of global companies,” Park said. “APRObit will serve as a bridge between South Korea and global cryptocurrency markets.”