Rootstock (RIF) to list on South Korean exchange Korbit

RootstockLabs, the developer of the Bitcoin Layer 2 network Rootstock, announced that its native token RIF will be listed on the South Korean cryptocurrency exchange Korbit. To commemorate the listing, Korbit is hosting an airdrop event for users who link a Shinhan Bank account and agree to receive marketing materials. The promotion includes tiered RIF rewards for the first 2,500 quiz winners and 667 RIF for each of the first 300 users who deposit over 900 RIF and complete a trade. A weekly trading competition will also distribute a total of 700,000 RIF among the top 100 traders by cumulative volume. RootstockLabs, a Bitcoin-based decentralized finance (DeFi) firm that operates a Bitcoin collateral vault, stated that its business focus for next year will be on collaborating with institutions in East Asia, including South Korea and Japan. The company is seeking potential South Korean institutional clients interested in depositing Bitcoin or U.S. dollars into its vault for use as collateral.