K-CUBE Ventures, an investment firm specializing in start-ups, announced on Oct. 7 that it invested 2 billion won (US$1.8 million) in Bitcoin start-up Devign Lab.
Devign Lab operates a bitcoin market called Coinone. It provides Bitcoin trading services with no trading fees through a customized user interface.
K-CUBE Ventures cited Coinone's specialized trading system as its distinctive element. So far, the necessity for correctly conveying the market price has been raised because of the wildly fluctuating prices of Bitcoin.
Coinone is designed to provide information on asking prices and deals that are updated in real time and to make rapid order processing possible without the need to install a separate program, thanks to an Internet-based home trading system.