Pi Network - auto mobile mining: Join now and be one of the pioneers!!

Blog

The operator of the Upbit exchange extends into another area of trading. Dunamu, the firm behind one of the leading South Korean exchanges, will launch an OTC platform for unlisted stocks.


Dunamu Aggregates Data, Trading for Unlisted OTC Stocks

Dunamu will open a platform to host all types of unlisted stocks, reported The Korea Herald. Dunamu will partner with Samsung Securities and data firm, Deep Search, to launch the platform by the end of the month. The platform will be available in the form of an app, to match the growing demand for easy access to stock trading for retail buyers.

The move by Dunamu adds to the global drive to bring stock trading to a more democratic audience, as more and more fintech startups find ways for commission-free stock trades. In the case of Dunamu, however, the stock selection is slightly riskier.

The new platform will deal with unlisted stocks, where there are less requirements for reporting. By aggregating all stocks into one platform, Dunamu will aim to resolve information assymetry, or the inability to learn more deeply about a stock. This way, fraud and hype may be avoided. Unlisted stocks are usually traded through informal websites, with limited reporting capabilities.

Low Fees, More Data and Analytics

The Dunamu platform will also eliminate random brokerage fees, and offer a more secure way of stock ownership transfer. Dunamu will aggregate corporate information, based on the experience from its Stock Plus trading app. Deep Search will contribute its analytics system to determine risks for new firms.

Lim Ji-hoon, Dunamu’s chief strategy officer commented,

Most unlisted stock transactions in South Korea are made via online community bulletin boards and offline trades, leading to uncertainties surrounding the parties’ identities and the information needed in the investment,

We will make efforts to provide an innovational investment for all unlisted stock investors and sellers by continuing the development of the platform based on our experience of operating Stock Plus

Dunamu caught the wave of increased investment interest from Koreans, which are seeking higher levels of return from riskier products. Beyond cryptocurrencies, unregistered stocks offer higher volatility, but also a chance of faster gains. Korean financial regulators are also highly aware of the risks, aiming to curb the most risky financial products or scams.

The Upbit exchange carries lowered volumes of around $110 million in 24 hours. It’s one of the chief markets for Ripple’s XRP. But as altcoins entered a bear market and volumes slowed down, even the Korean won market failed to lift assets out of their depression.

What do you think about Dunamu’s move into OTC stocks? Share your thoughts in the comments section below!


Images via Shutterstock

No Comments

Be the first to start a conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Categories

Pi Network - auto mobile mining

Become one of the pioneers!!

Random Posts

DOWNLOAD MY EBOOK FOR FREE

"Your Headline Here How I Made $4947 In 1 Month"

Lorem pretium lorem orci elit nunc imperdiet nec vel sit pretium hendrerit amet nec orci gravida gravida sapien purus massa

Quick Bio About Me

mypicmeLorem proin accumsan accumsan volutpat ut nullam odio eleifend libero quisque ipsum gravida eleifend dolor nunc sagittis venenatis orci eleifend lorem quisque venenatis non sagittis sagittis ipsum nunc.

lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris ornare congue lacinia auctor lorem quis quis lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris

Resources

  • Resource 1

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

  • Resource 2

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

Random Blog Posts

© 2020 Cryptoracle.info - Crypto News