Coinone cryptocurrency exchange expands to Indonesia

South Korean cryptocurrency exchange Coinone has announced its expansion to Indonesia with the setting up of Coinone Indonesia in Jakarta.

According to the Finance Magnates, pre-registrations are now open and the exchange is expected to officially launch in June. The exchange will initially support bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, and quantum.

“Coinone Indonesia wants to be the gateway that introduces people to the concept of blockchain and cryptocurrency,” said Alan Song, Coinone Indonesia CEO (as quoted by Finance Magnates). “[We want to facilitate] access for users in Indonesia to have various types of digital assets or cryptocurrencies quickly and safely.”

Once the pre-registration period is over, users based out of Indonesia would also be able to use the exchange. The company said, “foreigners need a separate examination process through the passport and non-face-to-face certification process.”