Hyundai Motor Group’s securities arm has extended its partnership using the South Korean crypto exchange Bithumb – and can allow its application users to gain access to real-time crypto markets data.
In the official announcement, Hyundai Motor Securities, certainly one of South Korea’s greatest securities providers, described that it’ll add information on its customers’ crypto holdings to the MyData asset management platform.
MyData is really a much-hyped cool product within the South Korean financial sector. The service comprises government-controlled platforms that permit visitors to view all their liabilities and assets on one platform. Which means that even when customers have accounts at multiple banks, additionally to stocks – and today crypto – they can view them all at one time via this type of platform.
Merely a couple of licensed business operators within the financial sector are permitted to provide MyData services, that are monitored through the regulatory Financial Services Commission.
Hyundai Motor Securities’ own MyData platform is known as The Plant, and also the firm mentioned the lindsey stirling allows crypto users to evaluate transaction details, account statuses, and market prices for selected coins. The firm also established that it might end up being the first securities firm in america to provide such crypto market monitoring functions in this manner.
The organization added that “customers who purchase digital assets” could “easily manage” their crypto holdings through the Plant.
The move may be the initial development from Hyundai Motor Securities and Bithumb because the two parties signed a “business partnership agreement” in June this season.
MyData services have previously sparked some privacy concerns in Columbia. Late this past year, the neobank service Naver Financial accidentally permitted the financial data of some 100 of their people to leak online although it was testing its very own MyData service.
Recently, multiple media outlets recommended the crypto exchange giant FTX was eyeing an offer to purchase a stake in Bithumb. The organization continues to be for purchase for many several weeks but has battled to locate a buyer, with numerous high-profile deals falling through in the negotiations stage.
____
Find out more:
– Korean Business Heavyweights Get together for Blockchain Insurance Project
– Hyundai ‘May Turn to Rival Kakao’ with New Cryptocurrency Move
– Hyundai Blockchain Subsidiary Hdac Launches First Dapp on its Mainnet
– S Korean Market Regulator Really wants to Label Upbit, Bithumb ‘Large Conglomerates’
– South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit
– South Korean Prosecutors Summary Terra Raids on Exchanges, Tech & VC Firms
