Crypto Exchange

Upbit is a crypto exchange founded in South Korea, licensed by Thailand SEC, and registered in several other Asian countries. Upbit is considered the largest cryptocurrency exchange by volume in the South Asian crypto markets.

The platform primarily targets the South Korean user base, and a translated global version of the website has been made available for other supported regions.

The exchange offers a fiat-to-crypto and crypto-to-crypto trading platform with limit order, market order, and stop-limit order types. It covers over 200 digital assets, trading pairs, and marketplaces in Korean and English.

Upbit does not appear to be without controversy, as the company’s headquarters was raided on May 10, 2018 as part of a fraud investigation. A background check of the Upbit exchange revealed that three Upbit executives were charged or formally convicted of fraud on December 21, 2018. They were allegedly involved in creating fake orders, but Upbit denies this.

Furthermore, In 2019, 11 attacks resulted in the theft of $283 million in cryptocurrencies. However, Upbit’s parent company refunded the money to customers.

Upbit was founded in 2017 by Song Chi-Hyung and was also built with the help of its partnership with American crypto exchange Bittrex.

Based on the company’s compliance issues and the average rating on the internet, Upbit is included in our “Orange Compliance” list.


Rate and write a review

Your email address will not be published. Required fields are marked *


South Korea

Legal Entities

Dunamu Inc.
Upbit Singapore Pte. Ltd.
PT. Upbit Exchange Indonesia
Upbit Exchange (Thailand) Co., Ltd.

Is this your business?Claim it now.

Make sure your information are up to date.