Sentences with phrase «only local cryptocurrency exchange»

Not exact matches

«I remember back in 2004, E-gold (a defunct cryptocurrency) was the only option anyone in Nigeria had to make online payments,» said Tim Akinbo, the founder of Tanjalo, a Nigerian exchange where people can buy Bitcoin with the local naira currency.

So far, the only attempts to bring it to a halt were in China and South Korea (SK restricted new account creation for a few weeks, but have now allowed them), where national government ordered the shutdown of local cryptocurrency exchanges.

Due to the precarious environment, some local cryptocurrency exchanges have to deal with a lot of currency risk, not only to get bitcoin but also because they have to cover operational expenses with a local currency that is very volatile and unreliable.

As a cryptocurrency - only exchange in the local market, Upbit is popular amongst professional cryptocurrency traders and casual investors that are looking to invest in cryptocurrencies that are not listed on cryptocurrency - to - fiat exchanges like Bithumb and Korbit.

Many investors, especially traders outside of the South Korean cryptocurrency exchange market, remain curious as to why local cryptocurrency exchanges like Bithumb and Korbit only list a few cryptocurrencies at a time.