Local cryptocurrency exchange Coinzest has announced its plan to expand into five oversea countries, including the U.S., Switzerland, Russia, Dubai and South Africa.
Established in June, Coinzest is one of the fastest growing cryptocurrency exchanges in South Korea.
Its trading volume is over 17,000 Bitcoin, equivalent to about 109 million U.S. dollars, making it the 24th largest exchange according to coin data provider Coinhills.
With about 190 million U.S. dollars worth of oversea investment, the exchange will gradually establish foreign corporations starting in June next year.