Flipster CEO Yongjin Kim was interviewed by BlockTempo at the ABS 2024 (Asian Blockchain Summit) to share his insights on the latest developments in Taiwan’s cryptocurrency market and Flipster’s strategies to stand out in the competitive market.
Table of Contents:
– Institutionalization of Taiwan’s cryptocurrency market
– How Flipster stands out in the competitive market
– Market outlook
– About Flipster
Flipster has recently gained attention in the Asian market as a leading cryptocurrency derivatives exchange. Yongjin Kim emphasized the institutionalization trend in Taiwan’s cryptocurrency market, noting that this year, they have seen the development of institutionalization in the market. He mentioned the approval of the first spot ETF by the U.S. Securities and Exchange Commission (SEC) as an important milestone and highlighted that many countries, including Taiwan, are implementing 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 exploit regulatory gray areas. Yongjin expressed optimism about the clear regulation, believing that it is a positive step towards a more stable and secure cryptocurrency market in Taiwan.
Yongjin further discussed how Flipster maintains its advantage in the competitive market. He stated that while many people believe that the market is overheated or saturated, Flipster holds 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 offers zero transaction fees and minimal spreads through its app and web platform, ensuring that retail traders can access deep liquidity at the lowest cost. Yongjin reiterated that Flipster’s mission is to provide the best trading experience, not only in terms of user interface (UI) design but also in delivering tangible economic benefits to users.
Despite recent market volatility, Yongjin remains optimistic about the cryptocurrency market. He pointed out that many projects and foundations are continuously working to establish strong infrastructure and decentralized applications, laying a solid foundation for the future development of the industry. “I am very optimistic about the overall cryptocurrency market, especially in Taiwan,” he said.
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 app. For more information, please visit the official Flipster.io website and register to start using the platform.
(Note: This article is a sponsored post 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 disclaimer at the end of the article for more details.)
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