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Upbit's 'coin collection' investment exceeds KRW 15 billion By Decenter - News Directory 3

Upbit’s ‘coin collection’ investment exceeds KRW 15 billion By Decenter

October 29, 2024 Catherine Williams Tech
News Context
At a glance
  • Collect coins is Upbit's automatic accumulation-type investment service that allows users to create regular automatic orders on a daily, weekly, or monthly basis.
  • On the 7th, Solana was added to the virtual assets (Bitcoin, Ethereum, Ripple) that can be invested by collecting coins.
  • You can apply for up to 1 million won per order, and the maximum order amount per virtual asset is 3 million won.
Original source: kr.investing.com

Upbit, a domestic virtual asset exchange, announced on the 29th that the cumulative investment in ‘coin collection’ exceeded 15 billion won.

Collect coins is Upbit’s automatic accumulation-type investment service that allows users to create regular automatic orders on a daily, weekly, or monthly basis. Since the launch of the service on August 13, over 15 billion won in investment has been collected in about 80 days, with an average of 400 million won being invested per day. The number of users who have experienced virtual asset investment by collecting coins has exceeded 30,000, and the number of orders has reached 60,000.

Dunamu also features a hope coin application function. On the 7th, Solana was added to the virtual assets (Bitcoin, Ethereum, Ripple) that can be invested by collecting coins. Among them, the cumulative order amount for Bitcoin was approximately 11.4 billion won, accounting for 74% of the total cumulative order amount.

Coin collecting has a limit on the maximum order amount. You can apply for up to 1 million won per order, and the maximum order amount per virtual asset is 3 million won. A Dunamu official said, “Investors who believe that virtual assets will trend upward in the long term are actively using coin collection to respond to short-term volatility.”

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