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South Korea's new securities exchange is considering launching K-pop tokens to attract more traders.
Golden Finance reports that as an emerging competitor to South Korea’s major stock exchanges, this startup trading platform is hoping to expand its appeal by launching innovative products, such as digital tokens linked to K-pop song copyrights, building on its strong start.
Nextrade is an alternative trading system that broke Korea’s 70-year monopoly on trading in March this year by extending trading hours. CEO Kim Haksoo stated that the company is considering launching over-the-counter trading products to differentiate itself. Long-term plans also include leveraged and inverse ETFs, advanced order systems, and non-public institutional orders derived from the “dark pool” concept.