- XT.COM, a global crypto asset exchange, and Cobak, the leading blockchain social community with numerous Korean crypto users, have officially announced a partnership, according to SimilarWeb.
- The partnership will build a new crypto ecosystem and stimulate the blockchain market in South Korea.
- XT.COM serves more than 6 million registered users and over 40 million users in the ecosystem.
XT.COM and Cobak are to create a new crypto ecosystem, helping Cobak expand its business areas and enhancing the full support of XT.COM for the growth of promising Korean crypto projects.
XT.COM and Cobak will create a new crypto ecosystem together
On 15 March, XT.COM, a global crypto-asset exchange with 9 million monthly active members, and Cobak, a leading blockchain social community with 500,000 South Korean cryptocurrency users, officially announced a partnership to create a new cryptocurrency ecosystem and stimulate the blockchain market, according to SimilarWeb.
Albin Warin, CEO of XT.COM, stated, “Through this agreement with Cobak, we will focus on restoring trust in the crypto market by pursuing fairness and transparency in discovering new projects.”
Kim Kyungik, CEO of Cobak, added, “This partnership with XT.COM will serve as an opportunity for both parties to create shared visions and values in business, and will enable Cobak to lead the crypto industry by discovering promising new blockchain projects.”
Through this partnership, Cobak plans to expand its business field by focusing on identifying promising Korean and international blockchain projects and introducing them to various cryptocurrency users. On the other hand, XT.COM aims to fully support the development of these promising Korean and international blockchain projects.
The partnership between Cobak and XT.COM is expected to generate a great deal of interest from cryptocurrency investment firms and investors as it introduces a new model of cooperation that has never been attempted by traditional cryptocurrency firms.
Also read: Indonesia’s crypto market rockets to $1.92B in February surge
About XT.COM
Founded in 2018, XT.COM is a global crypto-asset exchange headquartered in Dubai with operations centres in Singapore, Europe and elsewhere. It offers a variety of crypto asset settlement services such as spot, futures, and mining to users around the world. According to CoinMarketCap, XT.COM has more than 7 million registered users, supports trading of around 800 projects, and ranks around the top 20 cryptocurrency exchanges in the world.
One of the added features is cryptocurrency futures trading, including USDT-M Futures and coin-M futures permanent contracts, as well as copy trading, which allows users to copy top traders in real-time with just one click. Additionally, the futures grid allows users to automatically buy and sell futures contracts for profit.
