South Korean fintech firm Dunamu has launched its cryptocurrency exchange, Upbit, in beta earlier this week.

Founded in 2012, Dunamu is the developer of News Mate, a mobile application that provides soft copies of newspapers and magazines in Korea. It also runs the specialized social trading app KakaoStock.

According to Business Korea, Dunamu has started offering an open beta service for Upbit from October 24, 2017. The platform Upbit supports markets that can be traded with Korean Won (KRW), bitcoin (BTC), ethereum (ETH) and tether (USDT).

In order to launch the exchange, Dunamu has signed an exclusive partnership agreement with the leading cryptocurrency exchange Bittrex. The BTC market, ETH market and USDT market will be offered through Bittrex.

“With the partnership with Bittrex, we are not only able to support the largest number of digital currency trading services but also have addressed problems such as inconveniences of existing Altcoin investment, time delays and complicated account management. Starting with the open beta service, we are planning to provide services that are optimized to domestic trading conditions,” Dunamu Chief Executive Song Chi-hyung said.

Furthermore, Dunamu has adopted Bitgo’s double wallets for added wallet security. Upbit has also consulted Theori, a four-time winner of DEF CON hacking finals, for security.

During the open beta service period, users will be able to access all the functions of Upbit through desktop, Android, and iOS platforms.