Upbit is a Korean cryptocurrency exchange. The exchange was launched by Korea’s biggest messaging app developer, Kakao. Upbit.com is expected to offer functionality similar to Kakao Stock. Users will be able to interact with the platform over their mobile device, similar to how they already interact with Kakao Stock. At launch, the platform will offer trading of 111 altcoins. Upbit is collaborating with US-based cryptocurrency exchange Bittrex for this business endeavor. Bittrex exchange provides investors the opportunity to invest in 190 different cryptocurrencies. Upbit will be the first South Korean altcoin exchange to provide investors an opportunity to invest in altcoins on that scale.