CoinNess hosted a seminar at Prima hotel called ‘The global exchange summit 2019’. More than 15 global exchanges, 30 Institutional investors, 50 top project issuers, 20 media and press were involved in the project.
Hanbitco was there to diagnose the Asian cryptocurrency investment market and exchange industry. Also, to look forward to the crypto market of 2020.Huobi group strategy director JiaNing Yu started the conference by giving a speech about Global exchange trends and structure transformation that might occur in 2020.
Hanbitco had a panel discussion on the topic of diagnosing the Korean cryptocurrency investment market and trading strategies.Hanbitco’s COO Won Ho Heo, Bitumb Seonil Moon and Korbit Jung Seok moon, participated aswell.
“Even though legalization is still on it’s way, 2019 has been a year of great progress” said Hanbitco COO Won Ho Heo. “A lot of ‘good’ cryptocurrency operators are expected to emerge next year. If the exchanges start to self-verify their own projects, it could be a year to improve the perception of the industry,” he added. Others Asked about Hanbitco’s plans for next year, Won Ho Heo replied that Hanbitco plans to concentrate on ‘Decentralized finance (DeFi)’.
In addition, Bithumb, Korbit, and Hanbitco picked “legalization” as the most notable aspect of the cryptocurrency market. It is true, and we should embrace the fact that blockchain legalization in Korea is slower than the U.S. and Japan. However, the regulation of ‘Act on Reporting and Using Specified Financial Transaction Information,’ a.k.a. The Financial Transactions Reporting Act (FTRA), which includes the declaration system for cryptocurrency exchanges passed, and we are a step closer to legalization.
“Now, institutionalization has given us a chance to see good traders and blockchain operators who don’t do illegal things, and 2020 will be the year to expand the industry’s pie based on institutionalization,” said Hanbitco Won Ho Heo.
