Flipster CEO Yongjin Kim was interviewed by BlockTempo during ABS 2024 (Asia Blockchain Summit) to share his insights on the latest developments in the Taiwan cryptocurrency market and Flipster’s strategies to stand out in the competitive market.
Table of Contents:
1. Institutionalization Process of the Taiwan Cryptocurrency Market
2. How Flipster Stands Out in the Competitive Market
3. Market Outlook
4. About Flipster
Flipster has recently made waves in the Asian market as a leading cryptocurrency derivatives exchange, attracting widespread attention with its rapid growth. Flipster CEO Yongjin Kim shared his insights on the Taiwan cryptocurrency market and Flipster’s strategies to stand out in the competitive market during the ABS (Asia Blockchain Summit) interview.
Institutionalization Process of the Taiwan Cryptocurrency Market
Yongjin discussed the latest developments in the Taiwan cryptocurrency market during the interview, emphasizing the ongoing institutionalization trend in the cryptocurrency industry. He mentioned, “This year, we have seen the institutionalization of the cryptocurrency market.” He pointed out that the approval of the first spot ETF by the US Securities and Exchange Commission (SEC) was an important milestone and stated that many countries, including Taiwan, are formulating new regulations to regulate the cryptocurrency industry, especially cryptocurrency exchange businesses.
“In Taiwan, a similar trend is also happening, and new regulations for cryptocurrency exchanges are about to be introduced,” he explained. With the implementation of these regulations, the market will be able to effectively eliminate malicious actors who previously exploited regulatory gray areas. Yongjin expressed optimism about this regulatory clarity, seeing it as a positive step towards a more robust and secure Taiwan cryptocurrency market.
How Flipster Stands Out in the Competitive Market
Yongjin further discussed how Flipster maintains its competitive edge in the fiercely competitive market. He stated, “Although many people believe that the market is already overheated or even saturated, we hold a different view.” He emphasized that currently, many exchanges have similar functionalities, but they are not user-friendly in terms of usability and transaction costs. Flipster focuses on providing a fast and convenient trading experience.
Flipster provides zero trading fees and captures minimal spreads for users through its app and web platform, ensuring that retail investors can access deep liquidity at the lowest cost. Yongjin reiterated that Flipster’s mission is to provide the best trading experience, not only reflected in user interface (UI) design but also in delivering tangible economic benefits to users.
Market Outlook
Despite recent market volatility, Yongjin remains optimistic about the cryptocurrency market. He pointed out that many projects and foundations are continuously working to establish a robust infrastructure and decentralized applications, laying a solid foundation for the industry’s future development. “I am very optimistic about the overall cryptocurrency market, especially in Taiwan,” he stated.
About Flipster
Flipster is the fastest-growing cryptocurrency derivatives trading platform globally, with a monthly registration growth of over 190% and a monthly trading volume growth of over 1943%. Users can easily go long or short on over 250 tokens with leverage of up to 100x through Flipster’s convenient application anytime and anywhere. For more information, please visit the official Flipster.io website.
Note: This article is a sponsored article written and provided by Flipster. It does not represent the views of BlockTempo, nor does it provide investment advice, purchase or sale recommendations. Please refer to the end of the article for the disclaimer.
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