Upbit Surpasses 8 Billion Won in One Month After Launching ‘Coin Collection’

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Bon Media
a day ago
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Upbit, Coin Collection Monthly Order Total Surpasses 8 Billion Won. Provided by Dunamu
Upbit, Coin Collection Monthly Order Total Surpasses 8 Billion Won. Provided by Dunamu

Dunamu announced on the 19th that the total monthly order application amount for Upbit's 'Coin Collection' virtual asset exchange exceeded 8 billion won in just one month since its launch. An average of 280 million won is being invested per day.

Coin collection is an automatic investment service provided by Upbit. Automatic investment is an investment method that reduces the risk of volatility due to short-term investment and allows you to make profits from stocks that are trending upward in the long term.

Dunamu has been providing a coin collection service since the 13th of last month to help Upbit users effectively respond to the volatility of the virtual asset market. Coin collection users can create regular automatic orders on a daily, weekly, or monthly basis.

This service has surpassed 8 billion won in monthly cumulative order applications in just one month since its launch. Currently, there are three types of virtual assets that can be invested in by collecting coins: Bitcoin, Ethereum, and Ripple. Bitcoin’s cumulative order amount accounted for 65% of the total, or about 5.3 billion won.

The coin collection service has a maximum order amount limit to establish a sound and planned virtual asset investment culture. A maximum of 1 million won can be applied for per order.

The maximum orderable amount per virtual asset is 3 million won. The number of service users is approaching 20,000. In order to repay the support of users, Dunamu plans to rapidly increase the types of virtual assets that can be invested in by collecting coins.

A Dunamu official said, “We plan to rapidly expand the types of virtual assets that users can invest in through coin collection to provide more diverse choices, and add various additional functions that can improve convenience.”

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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