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I don't know a lot about them myself, but I hear they are very big in Singapore.

The announcement is getting front and center coverage too.

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According to CMC, they're the 3rd highest ranked exchange by volume, and were #2 earlier today.

A lot of those numbers are fake. They cook the books with trading bots. A lot of the Asian exchanges do this. They might be number 2 or 3 in fake volume.

A lot of exchanges do this.

Fixed that for you. :)

MTGOX was the most obvious one. Many others do it too due to lax laws on cryptocurrencies.