Hong Kong based exchange, payment processor and remittance startup Bitspark have opened their doors for business, having gone into limited beta as of the 22nd of October. In order to entice new users to the exchange, Bitspark will only charge a fee when users withdraw coins from the exchange.

Bitspark list Bitcoin, Litecoin, Dogecoin, Peercoin, Blackcoin and Cloakcoin available for trading as well as allowing users to lend coins and local currency to other users of the site.

"With our beta launch we are offering support for six different coins, including new interesting cryptocurrencies that are trending at the moment… We're all about providing a trustworthy and transparent company, especially in the Bitcoin space."

"We really want to convey that we're more than just an exchange, we're transparent, and we offer more cryptocurrencies than the competition – and we're going to be adding more every week." said George Harrap, CEO of Bitspark."

In an attempt to display that transparency, Bitspark are using the open-source exchange platform Peatio.

Bitspark received USD $41,300 in seed funding last July from Cyberport Hong Kong, a tech hub that is managed by Hong Kong Cyberport Management Company Limited which is owned by the Hong Kong SAR Government.