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South Korea’s Financial Intelligence Unit reportedly found 500,000 to 600,000 potential KYC violations on Upbit, the largest crypto exchange in the nation. KYC violations of this scale could lead to fines and possible license renewal issues. According to a report…
Markets
The fall of the Dogecoin price below $0.40 triggered a surge in its trading volume and leading South Korean exchanges are profiting from it. Dogecoin (DOGE) declined by 5% in the past 24 hours and is trading at $0.385 on…
News
South Korea’s largest crypto exchange, Upbit, announced that it will launch DRIFT trading pairs for Korean Won, BTC, and USDT on Nov. 8. Drift Protocol’s governance token, DRIFT(DRIFT), will be available to trade on the Upbit crypto exchange starting on…
DRIFT
Drift Protocol
News
South Korea’s financial watchdog is reportedly set to review the approval of spot crypto ETFs and the legalization of corporate crypto accounts through a newly formed committee. South Korea, which has been cautious in its approach to crypto regulation, is…
News
More than 185 South Koreans in their 20s own over $750,000 worth of digital assets each, based on data from Upbit and Bithumb. As reported by Maeil Business Newspaper on Oct. 3, South Korean-based crypto exchanges Upbit and Bithumb submitted…
BTC
Bitcoin
Markets
Wormhole’s token went up by 20% after South Korean cryptocurrency exchange Upbit announced that the W token has been listed for trading on the KRW, BTC, and USDT markets. According to data on CoinGecko, the Wormhole’s (W) token’s price surged…
W
Wormhole
News
The Solana-based meme coin, cat in a dogs world, recorded a notable price surge following a major announcement from South Korean crypto exchange Upbit. According to the Upbit announcement, the exchange will list cat in a dogs world (MEW) today…
News
Nervos Network’s native token, CKB, has surged by over 111% in the last 7 days, driven by its recent listing on the South Korean exchange Upbit. The jump in price has spotlighted Nervos Network (CKB) as the top-performing cryptocurrency among…
CKB
Nervos Network
BTC
Bitcoin
News
South Korea is set to introduce a supervisory six-figure fee for the nation’s crypto exchanges based on their operating revenue. Korean crypto exchanges, such as Upbit, Bithumb, and Coinone, will soon be obligated to pay an oversight fee to the…
News
South Korea will review the listings of over 600 tokens on domestic crypto exchanges next month under new regulatory measures. South Korea‘s financial authorities will begin re-evaluating over 600 cryptocurrency listings on domestic trading platforms starting in July, following the…
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…
News
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…
News
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…
News
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…
NEAR
NEAR Protocol
News
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)…
News
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…
BTC
Bitcoin
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