Infomax, a subsidiary of Yonhap News Agency, will provide standard price data for virtual assets based on South Korea’s five major crypto exchanges

Odaily News According to official news, Infomax, a financial information subsidiary of Yonhap News Agency, announced that it will provide standard prices for Korean virtual assets by the end of this year. Yonhap News Agency Infomax signed API supply contracts with five major crypto exchanges in the country (Upbit, Bithumb, Coinone, Korbit, and Gopax). In this way, the standard price of the country’s virtual assets is provided every 30 minutes as a weighted average based on the actual trading volume of these 5 Korean won exchanges. In addition, in addition to standard prices, Yonhap Infomax also plans to provide analytical tools related to cryptocurrency economic indicators, news and reporting services, and the ability to check real-time kimchi premiums. It is reported that Yonhap News Agency Infomax has previously provided financial data on stocks, bonds, foreign exchange and alternative investments.