Deepcoin collaborates with Korean CODE alliance members to expand market share in South Korea

ChainCatcher news, recently, Deepcoin announced the official connection with the Korean CODE alliance member, the compliant exchange FOBL. Korean users can now legally transfer deposits and withdrawals between Deepcoin and FOBL.

Currently, the local compliant exchange FOBL in Korea supports deposit and withdrawal transfer services with several global cryptocurrency exchanges such as Binance, OKX, and Deepcoin. FOBL CEO Ahn Hyun-jun stated, "FOBL is pleased to officially connect with Deepcoin, committed to continuously enhancing market trust and investor protection, and the cooperation with global exchanges that comply with the FATF and other regulatory authorities' Travel Rule standards is expanding."

In January of this year, Deepcoin announced that it became the first overseas cryptocurrency exchange this year and the seventh globally to access the CODE compliance solution to comply with Korea's cryptocurrency Travel Rule regulations. The official connection with the Korean exchange FOBL also marks another milestone for Deepcoin in terms of security compliance and expanding its international footprint.