In an important development, ReFork has entered into an agreement with the Lbank Chinese platform. The agreement has been done specifically to cater to the need of clients in the Asia Pacific region. Lbank has a total of five offices from which it is operating, and out of these five offices, three offices are in China – Beijing, Shanghai, and Shenzhen. The Philippines and South Korea are the other two countries where the rest two of its offices are located.
Finer Details
Given the fact that Lbank has got a large registered user base of 4 million and it has a daily average trading volume of up to $300 million, it makes sense for the ReFork to look for expansion opportunities by striking this partnership. In the next phase of the growth, the Lbank will open its branches in Dubai and Vietnam.
According to the agreement, the marketing of the EFK token will be done on two separate conferences that are scheduled to take place in Shenzhen and Shanghai. During these events, the ReFork will remain in the limelight among the cryptocurrency experts and analysts. It is important to do that Lbank will become the second platform on which EFK tokens will go live on 17th August 2020. The timing has been set at 10:00 AM (Central European Time), and from there on, traders can start trading EFK pair pegged to USD.
Conclusion
The important point to highlight here is the fact that EFK is finally now listed on the Chinese platform, which has huge implications for the whole cryptocurrency market. More specifically, digital coins in the Asian market will get a boost, and the long-cherished dream of mass adoption of crypto will certainly gain momentum in the near future. It will be interesting to witness how this association will pan out in the future and how much momentum EFK token will generate from its listing on the Lbank platform. The cryptocurrency experts are eagerly looking into the development and closely monitoring the synergy that will help both companies expand their business prospects.