As of April 13th, 2020, the digital-asset exchange Bitsonic launches trading platform in Vietnam under the name of Mtobit.

In February, through a series of pre-public token sale of digital assets including Bitcoin and Ethereum, Mtobit has already reached more than 50K users. Starting April, Mtobit will provide other digital assets such as Tether, Ripple, Litecoin, and Bitsonic Coin for trading.

Mtobit supports fiat currency of Vietnamese dong (VND). Mtobit plans to add other prominent tokens to its platforms that has gone through its listing process.

The Vietnamese crypto market has experienced two-digit growth rates over the past years. Based on its proven expertise in development and operations from running South Korean exchange, Bitsonic provides a secure and convenient platform for Vietnamese users.

Bitsonic is working with legal and tax experts in Vietnam to prepare for compliance. It is expected that a regulatory framework for cryptocurrency will be adopted in Vietnam in the foreseeable future, as have already been done in Japan and South Korea to comply with the FATF guidelines.

According to Bitsonic, “Mtobit is a first step by Bitsonic to going global. Bitsonic has successfully completed legal assessment and localization over the past year. Bitsonic has partnered with Vietnam-based blockchain company, INNOVANTECH and chose to launch its new platform under the brand name, Mtobit.”

Mtobit is holding various events for the opening. Through events like ‘trading competition’ and ‘trading fee pay back,’ Mtobit is giving away prizes like MacBook and iPhone X to winners.