Coinone launches South Korea's first multisig bitcoin wallet

South Korea's first multi-signature wallet has been launched by Coinone using BitGo's API. The bitcoin exchange also offers a wallet app and a payment gateway service. It was established by Devign Lab after K Cube Ventures raised $200,000 worth of seed funding.

Myunghun Cha, CEO of Coinone, said that time has come for exchanges to offer the "equal level of safety and control" as multi-sig wallet providers.

"We decided that multi-sig technology from BitGo was the answer to many security concerns facing exchanges and wallets. With its implementation, we hope to bring in more users from the national and international pool of bitcoin users," he added.