In recent months, traders from South Korea have had a significant impact on the cryptocurrency market. Many altcoins appearing on the leading Upbit exchange have started to noticeably increase in price, and December 12, 2023, was no exception. Today, the press service of this trading platform announced the inclusion of Creditcoin (CTC) in the list of available assets. In just a few minutes, the value of this asset surged by 222%.
South Korea's largest cryptocurrency exchange has decided to add the CreditCoin (CTC) token to its lineup, offering trading pairs with the Korean won (KRW) and Bitcoin (BTC). This crypto asset was launched in 2017, originally focusing on the credit business. Recently, the project team made the decision to change its development path, transforming it into a platform for tokenizing real-world assets (RWA) and declaring themselves a "network of non-profit organizations."
Upbit is one of the most popular cryptocurrency exchanges in South Korea, launched in October 2017, and quickly gained recognition among traders due to its reliability, security, and extensive range of trading pairs. Clients can exchange cryptocurrencies both in pairs with Bitcoin and Ethereum (ETH), as well as using the South Korean currency (KRW).
The process of tokenizing real-world assets (RWA) involves converting traditional real assets into a digital format using blockchain technology and creating non-fungible tokens (NFTs) or cryptocurrencies tied to their value (securitized tokens). The NGO network (HKO) is a tool that allows organizations to turn users into their supporters, disseminate news, and engage users in discussions.
