South Korea’s Coinplug Launches New Exchange and Begins Trading Bitcoin Cash

Leading South Korean bitcoin brokerage and service provider Coinplug recently launched a trading platform. Bitcoin cash, bitcoin, ether and litecoin are among the tradeable assets listed on the new exchange. Prior to this launch, bitcoin cash was neither credited to existing customers nor supported on any of Coinplug’s platforms.
Coinplug’s New Trading Platform
Coinplug announced on Friday the launch of a new trading platform called Coinplug Digital Asset Exchange (CPDAX), stating that:

Founded in June 2013, the South Korean company provides an array of bitcoin services. A brokerage, a wallet, a bitcoin gift card, a 2-way ATM and a merchant payment processor are among the services the company offers. Its bitcoin gift card called Okbitcard can be purchased at 7-11 and Ministop convenient stores as well as Nautilus Hyosung Bank ATMs. Overall, there are over 10,000 locations across Korea selling these cards.
The company’s investors include SBI Asset Management and Tim Draper. Coinplug has also partnered with one of the country’s largest banks, KB Kookmin, on various blockchain projects such as remittances and a personal identification system.