Korbit Signs Business Agreement for Cryptocurrency Index Development

[Asia Economy Reporter Gong Byung-sun] Domestic cryptocurrency exchange Korbit has signed a business agreement to develop indices that support quant-based investment.

On the 28th, Korbit announced that it had signed a business agreement with quant-based fintech startup Waveridge for the supply and joint development of cryptocurrency indices.

Starting with this agreement, Korbit plans to develop various indicators and indices that help establish investment strategies to better understand the cryptocurrency market, in addition to the Kimchi Premium Index, which represents the price gap of cryptocurrencies between domestic and overseas markets. Earlier, on the 5th, Korbit revamped its homepage and began offering the 'Bitcoin KRW Premium Index' service provided by Waveridge.

Waveridge is a company that provides investment solutions based on quants who create investment models or predict changes in financial markets. Waveridge offers the cryptocurrency index 'WBS Index,' developed based on big data.

Sejin Oh, CEO of Korbit, said, "The agreement with Waveridge will help investors make more rational investment decisions," adding, "We will become a trusted cryptocurrency exchange through the development of various scientific indicators."

This content was produced with the assistance of AI translation services.