Upbit News

In Q1 2024, Korean crypto markets witnessed their highest trade volume in over two years, with KRW overtaking USD in cumulative trade volume, Kaiko says. Trade volume in Korean crypto markets soared to its highest level in over two years…

The crypto market appears to be highly concentrated, as only 10 exchanges process around 90% of all trades, according to a recent study done by the European securities regulator. A recent study conducted by the European Securities and Markets Authority…

Bithumb disclosed an operating loss of 14.9 billion won ($11 million) in 2023, citing a 58% revenue drop and Q4’s fee-free policy as contibuting factors. South Korea’s cryptocurrency exchange Bithumb has revealed an operating loss of 14.9 billion won (~$11…

Korean crypto exchange Upbit has announced the suspension of NEAR deposits and withdrawals due to a network upgrade planned for Mar. 11. South Korean crypto exchange Upbit said in a press release on Mar. 7 that it plans to temporary…

South Korean crypto exchange Upbit suspended deposits and withdrawals for SSX tokens after the project’s team alarmed about a $10.2 million heist. Upbit says in a Jan. 29 press release that it is suspending deposits and withdrawals of Somesing (SSX)…

South Korean crypto exchange Upbit has secured a full license in Singapore, enabling its digital asset business to expand in the region. Upbit received final regulatory approval in Singapore with the exchange announcing it had secured a full license on…

Nearly 6,000 South Korean officials will be required to disclose their crypto holdings in 2024 as the country wants to enhance transparency and accountability within the public sector. In a press release on Dec. 27, South Korea’s Ministry of Personnel…

In the last two months, traders from South Korea have largely contributed to the active growth in the volume of the cryptocurrency market.

As of press time, Mina (MINA) is up nearly 85% over the last seven days, but what is it and why is it rising?

South Korean crypto exchange Upbit has secured an in-principle approval (IPA) from the Singapore regulator, the Monetary Authority of Singapore. The license will allow Upbit to provide regulated digital payment token services in Singapore while waiting to receive the full operating…

South Korea’s largest exchange, Upbit, suffered 159,061 attacks during the first half of 2023. According to the local media Yonhap, it is nearly 2.17 times more than in 2022. To fight back against the increasing trends of hacking attacks, the…

GLMR, the native crypto of the Moonbeam protocol, surged over 50% after news broke of its upcoming listing on the South Korean crypto exchange, Upbit.

On Sept. 24, Upbit reportedly halted the depositing and withdrawal of Aptos (APT) tokens after discovering that some of them were fake. 

CCData, a global data provider, released a new report on cryptocurrency exchanges’ performance for July. The report analyzes the performance of the main cryptocurrency exchanges in the crypto industry in different market segments like spot and derivatives trading. According to…

Immutable X (IMX), a layer-2 scaling solution on Ethereum, has risen by more than 15% after being listed on the South Korean exchange Upbit. Immutable X (IMX) experienced a remarkable price surge, with its token price leaping above $0.83, the…

Prosecutors conducted a raid on two prominent South Korean cryptocurrency exchanges, Upbit and Bithumb, as part of an ongoing investigation into allegations surrounding independent lawmaker Kim Nam-kuk's digital assets.