Upbit Is First Korean Exchange to Register With Authorities Before September Deadline

Crypto exchanges that don't register by Sept. 24 face being shut down in South Korea.

News  ·  23 August 2021

Operator of South Korea’s Largest Exchange Rolls Out ‘Travel Rule’ Solution in Singapore

The blockchain research arm of Upbit's operator has launched its VerifyVASP in Singapore, a solution for combating crypto money laundering.

News  ·  17 August 2021
South Korea

Korean Crypto Exchanges Paid $14.7M to Banks for Name Verification Services: Report

Exchanges have to set up partnerships with banks for real-name verification by Sept. 24.

News  ·  10 August 2021
Crypto Exchange

South Korea Looks to Ban Crypto Exchange Employees From Trading on Their Own Platforms

At present, there are no restrictions on exchange executives and other employees to trade cryptocurrency on their platforms.

Policy & regulation  ·  9 June 2021
South Korea

South Korea’s Dunamu Pledges Nearly $9M to Protect Crypto Investors: Report

The Upbit operator plans to set up a unit to help prevent fraud and assist victims of crypto crime, among other things.

News  ·  6 May 2021

South Korea’s Dunamu Launches Bitcoin ‘Fear and Greed’ Index to Guide Traders

The tool is aimed at helpi traders make better decisions based on market sentiment.

News  ·  19 January 2021

Crypto Exchange Upbit Brings In Withdrawal Delay in Bid to Tackle Fraudsters

The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks.

Markets  ·  27 November 2020

Binance Quashes Upbit Hackers’ Attempt to Launder Stolen Funds

Binance managed to see an alert and freeze the stolen funds in little more than half an hour.

Markets  ·  14 May 2020

Upbit Exchange Resumes Ether Services Months After $49M Hack

Upbit said users will need to create new wallet addresses to resume trading.

Markets  ·  14 January 2020

Crypto Exchange Upbit’s Operator Eyes Blockchain in OTC Securities Trading

Dunamu, the operator of Upbit, is releasing a new app this month for trading unlisted securities with a plan to add in blockchain next year.

Markets  ·  18 October 2019

Kakao’s Klay Cryptocurrency to Make First Exchange Listing

The "klay" cryptocurrency from messaging app giant Kakao is to make its first official exchange listing on Upbit later this month.

Markets  ·  12 September 2019

Upbit Operator Dunamu Invested $46 Million in Blockchain Startups in Last Year

South Korean firm Dunamu, operator of cryptocurrency exchange Upbit, says it invested $46 million in 26 blockchain startups over the last year.

Markets  ·  15 May 2019

Executives at Korean Crypto Exchange UPbit Indicted for Fraud

Three executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors.

Policy & regulation  ·  21 December 2018

Korea’s Biggest Crypto Exchange Raided Over Suspected Fraud

Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit, over suspected fraud, according to a report.

Policy & regulation  ·  11 May 2018

App Maker Kakao Begins Beta Testing New Cryptocurrency Exchange

South Korean fintech firm Dunamu has launched open beta services for its new cryptocurrency exchange platform Upbit.

Markets  ·  25 October 2017