Upbit
Overall score 8.0Spot
Upbit is known for its extensive trading options for cryptocurrency. It emphasizes security and compliance, offering a user-friendly platform while catering primarily to the South Korean market and ex…
01
Proof of Reserves (PoR)
No proof-of-reserves data
03
Trading Pairs
Liquidity · Depth
| # | Pair | Type | Price | 24H change | 24H volume | Depth ±2%Cumulative order book depth within ±2% of mid price; higher means less slippage. | Funding ratePeriodic funding between longs and shorts to anchor perpetual price to spot; positive means longs pay shorts. |
|---|---|---|---|---|---|---|---|
| 1 |  XRP / KRWSpot | SPOT | $1.45 | -1.26% | $110.62M | -- | -- |
| 2 |  BTC / KRWSpot | SPOT | $80,430 | +0.10% | $104.63M | -- | -- |
| 3 |  USDT / KRWSpot | SPOT | $0.9935 | +0.01% | $67.16M | -- | -- |
| 4 |  ETH / KRWSpot | SPOT | $2,285.19 | -1.48% | $60.23M | -- | -- |
| 5 |  ONDO / KRWSpot | SPOT | $0.4225 | -3.38% | $36.23M | -- | -- |
| 6 |  SAHARA / KRWSpot | SPOT | $0.04259 | +2.47% | $34.06M | -- | -- |
| 7 |  SUI / KRWSpot | SPOT | $1.27 | -0.42% | $27.89M | -- | -- |
| 8 |  SOL / KRWSpot | SPOT | $95.38 | -0.56% | $26.95M | -- | -- |
| 9 |  MBL / KRWSpot | SPOT | $0.001021 | -0.94% | $26.59M | -- | -- |
| 10 |  MOVE / KRWSpot | SPOT | $0.02002 | -2.48% | $25.05M | -- | -- |
04
Platform Token
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No data
05
Listings / Delistings
Track listingsNew listings (Top 8 performance)
First dayNo listing records
90D Listings--
Avg First-Day Gain0.00%
7D Positive Retention0.00%
Delistings / warnings
Liquidity removalsNo delisting records
90D Delistings0
Main Cause · Liquidity0.00%
Main Cause · Compliance0.00%
06
Regulatory Landscape
Global License MapKR
South Korea
VASP LicensedRetain the proper nouns/institutional abbreviations/websites/dates as they are (such as ADGM FSRA, MiCA, CIMA, binance.com):
Upbit, operated by Dunamu Inc., holds VASP registrations from the South Korean Financial Intelligence Unit (KFIU) and KISA, and is the largest compliant cryptocurrency exchange in South Korea with strict real-name KYC requirements.
SG
Singapore
MAS DPT LicensedRetain the proper nouns/institutional abbreviations/websites/dates as they are (such as ADGM FSRA, MiCA, CIMA, binance.com):
Upbit Singapore holds a MAS Digital Payment Token Service Major Payment Institution licence.
ID
Indonesia
CoFTRA RegisteredCoFTRA VASP Registration
Registered with the CoFTRA in Indonesia, providing compliant trading services.
TH
Thailand
SEC RegisteredThailand SEC Digital Asset Exchange License
It holds an operating license for digital asset exchanges issued by the Securities and Exchange Commission of Thailand (SEC).
US
United States
RestrictedComprehensive services not available to users in the United States
No full services are provided to U.S. users without SEC/CFTC authorization.
Global Licenses5KFIU/KISA + MAS + CoFTRA + Thai SEC, etc.
Legal Countries5Mainly serves the Korean, Singaporean, Indonesian, and Thai markets
Restricted / Banned5Including the US/Mainland China/Sanctioned Areas
Settlement Total--No significant settlement records available
07
Key Events Timeline
7 eventsOperations + Regulatory PenaltyOperations
Upbit will conduct server maintenance and routine asset audits on January 1, during which all services will be suspended
Upbit plans to conduct server maintenance and routine asset audits on January 1. During this period, the exchange will suspend all services to ensure system stability and asset security, without providing specific details regarding the duration of service disruption or the scope of its impact.
Regulatory Penalty
Upbit fined $25 million for violating AML regulations
South Korea’s cryptocurrency exchange Upbit was fined $25 million by regulators for violating anti-money laundering regulations. This move is aimed at strengthening global compliance oversight of digital assets.
Milestone
Bloomberg: Upbit will seek an IPO on NASDAQ
Bloomberg reports that South Korea’s cryptocurrency exchange Upbit plans to submit an application to the U.S. Securities and Exchange Commission to conduct an initial public offering (IPO) on the Nasdaq stock exchange. This move aims to transform the company into a publicly listed entity through the U.S. stock market, though specific details regarding the issuance have not been disclosed yet.
Regulatory Penalty
South Korea’s financial regulators fined Upbit’s operator Dunamu 35.2 billion won
South Korea’s financial regulatory authorities have imposed a penalty on Upbit’s operator, Dunamu, in accordance with the law; the fine amount is 35.2 billion won. This penalty was issued directly by the regulators to the exchange’s operator, with the specific details of the fine and the requirements for compliance improvements to be announced by the regulators in due course.
Operations
Upbit Ethereum L2 “GIWA” testnet is now available
Upbit announced the official launch of the testnet for its Ethereum Layer 2 (L2) solution, “GIWA”. This network is designed to offer users lower transaction fees and higher processing speeds, marking a new phase for the project as it moves from the development stage to public testing.
Milestone
Upbit Singapore has obtained an MPI license issued by the Monetary Authority of Singapore (MAS)
Upbit’s Singapore branch has obtained a Digital Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). This license marks a crucial step forward for it in the field of local payment services, and it complies with Singapore’s regulatory requirements for crypto asset service providers.
Security Incident
Upbit suffered a hacker attack, losing $50 million
Upbit, the South Korean exchange, recently suffered a hacker attack that resulted in huge financial losses for the platform. The value of assets lost in this security incident amounted to $50 million; the specific types of digital assets involved and the details of the theft methods remain unclear at present, and the platform’s security status is now under close scrutiny.
News Updates
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