Dunamu, the company behind South Korean crypto exchange Upbit, has reported KRW 1.73 trillion in consolidated revenue for 2024, marking a 70.5% increase from the previous year's KRW 1.01 trillion. The company's operating profit surged by 85.1% to KRW 1.18 trillion, while net income rose 22.2% year-on-year to KRW 983.8 ...
Upbit has announced the listing of KAITO, an AI-powered digital asset, for trading against South Korea's won, Bitcoin, and Tether’s USDT. The exchange stated that deposits for KAITO would open within two hours of the announcement, making them available by 5:47 AM KST on March 5, with trading set to ...
Upbit has announced the listing of CoW Protocol (COW) on its platform, with trading available in KRW, BTC, and USDT markets. Deposits will open within two hours of the announcement, while official trading is set to begin on February 25 at 20:30 KST. To ensure market stability, Upbit has implemented ...
South Korean cryptocurrency exchange Upbit has been hit with a partial business suspension by the country’s Financial Intelligence Unit (FIU), temporarily preventing new customers from conducting crypto deposits and withdrawals. According to a report by Korea Daily News on February 25, the FIU imposed a three-month restriction on Upbit’s new ...
South Korea’s Financial Services Commission (FSC) is preparing to announce its decision on potential sanctions against Upbit, the country’s largest cryptocurrency exchange, following extensive customer identity verification regulations violations. According to The Korea Times, an investigation into Upbit’s business license renewal uncovered over 700,000 instances of non-compliance with key anti-money ...
Upbit has listed Official Trump (TRUMP) as a trading company in the KRW, BTC, and USDT markets. Deposits will open within two hours of the announcement, while trading is set to commence on February 13 at 18:00 KST. Upbit will implement trading restrictions to manage volatility. For the first five ...
Bithumb and Upbit are set to list Berachain (BERA) on February 6. Bithumb will offer BERA in its KRW market, with deposits available at 8:00 PM KST and trading opening at 10:00 PM KST. Upbit will support BERA in the KRW, BTC, and USDT markets, starting deposits at 9:00 PM ...
South Korea’s largest cryptocurrency exchange, Upbit, has officially added trading support for the Virtuals Protocol (VIRTUAL) token. The exchange confirmed in a recent announcement that VIRTUAL would go live for trading on its platform at 8:00 PM KST on January 31. The token will be available in pairs with the ...
Upbit, South Korea's leading virtual asset exchange, is facing a suspension of its business operations due to alleged non-compliance with anti-money laundering (AML) regulations and breaches of the KYC system. According to a local news report, The Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) issued a preliminary ...
Upbit, a significant cryptocurrency exchange in South Korea, has cautioned investors holding the Internet of Services Token (IOST) as the blockchain project undergoes a critical transition. This warning, released on January 13, comes in response to guidelines issued by the Digital Asset eXchange Alliance (DAXA), which expressed concerns about potential ...
