A new market and its effect

The Coinbit exchange is finally ready for the launch, after failing to meet the April 30 deadline. On May 11, the new marketplace will open, while listing 50 of the hottest digital assets this spring, as well as already established ones like Litecoin (LTC).

Korean trading is seen as extremely important for the crypto ecosystem. High-volume exchanges still have fiat pairings against the Korean Won, and give an entirely different risk profile to many assets. The Korean markets have also served as price discovery mechanism and a source of liquidity for many of the prominent ICOs, ensuring relatively fast listing and active trading.

Until now, listings on exchanges like Bithumb have lifted the fortunes of previously sinking coins. However, some markets remain less influential, and at the moment, KuCoin is one of the hotter marketplaces, mostly due to listing numerous assets and giving exposure to brand new coins.