Seven large South Korean securities companies, including Samsung Securities, have applied for government approval to create a new digital asset exchange according to South Korean publication Newspim. The companies are looking to open the exchange in the first half of 2023.
Digital asset investment products experienced $9m in outflows in the seven days leading up to Aug. 19, according to a CoinShares report. During this period, trading volume also dropped to below $1bn, the second lowest level recorded this year.
Pavel Durov, the CEO of messaging service Telegram, has proposed that the platform bring its usernames and channel links to market as NFTs in a Monday post to his personal channel. Durov says that reserved Telegram addresses could be auctioned as digital assets on the blockchain.
Top stories in the Crypto Roundup today:
- South Korean Financial Heavyweights To Create Digital Asset Exchange
- Crypto Funds Experience Minor Outflows: CoinShares Report
- Telegram CEO Proposes Auctioning Usernames, Links As NFTs