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

According to official sources, Infomax, a financial information subsidiary of the South Korean news agency Yonhap, announced that it will provide standard prices for virtual assets in South Korea by the end of this year. Yonhap's Infomax has signed API supply contracts with the country's five major cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax). Through this method, the standard price of the country's virtual assets will be provided every 30 minutes as a weighted average based on the actual trading volume of these five Korean won exchanges.

In addition to the standard price, Yonhap's Infomax also plans to provide analysis tools related to cryptocurrency economic indicators, news, and report services, and can also check real-time kimchi premiums. It is reported that Yonhap's Infomax has been providing financial data such as stocks, bonds, foreign exchange, and alternative investments.