FIUActive
South Korea Virtual Asset Service Provider (VASP)
- License No.
- Unreleased
- Licensed Entity
- 주식회사 코인원
- Regulatory Jurisdiction
- South Korea
- Effective Date
- 2021-11-25
coinone
Regulated in South Korea
Virtual Asset Service Provider (VASP)
Basic Information
Country/RegionSouth Korea
Exchange Abbreviationcoinone
Company Name주식회사 코인원
Operating Period10-15 years
Websitehttps://coinone.co.kr
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
Exchanges with 24H trading volume exceeding 72.60%
87 /100
$120,700,000
5.94% Exchange Overview
Exchange Overview
What Is Coinone?
Coinone is a South Korean crypto exchange registered as Coinone Inc. The project was created with a focus on clients from Asian territories. It offers trading of digital assets, providing a wide range of tokens and trading pairs.
The main features of Coinone are convenient interface for efficient trading with tools for in-depth analysis of currencies; a wallet for storing coins, trading and client deposits; a payment method in the form of crypto deposits and fiat deposits via bank transfers; round-the-clock support service available by email or phone; security mechanisms such as a two-factor authentication scheme, multi-signature wallets and ID verification.
The platform offers its users three types of service: simplified, professional and lightning-quick. Investors also have the option of earning passive income through staking. The exchange does not have referral programs, demo accounts or educational materials.
Coinone has been on the market for a long time, and is funded by Kakao Ventures.
Who Are the Coinone Founders?
Myunghun Cha is the founder and the current CEO of Coinone. Cha graduated from Postech, where he studied computer science. Known as a white hat hacker with a ten-year background, he developed the Coinone security system. His expertise and knowledge in cybersecurity are confirmed by prizes in international hacker competitions, such as DEFCON CTF and Codegate.
When Did Coinone Launch?
The project was founded in 2014. However, the platform launched in 2015.
Where Is Coinone Located?
Coinone's headquarters is in Seoul, South Korea.
Coinone Restricted Countries
The exchange and its services/products are mainly targeted at citizens of South Korea and focused on South Korean investors. There is no information about restrictions for residents of other countries as well.
What Coins Are Supported on Coinone?
Coinone is a centralized crypto exchange that allows users to trade more than 200 digital assets, including BTC, ETH, XRP, ETC, ADA, SOL, DOGE, DOT, ATOM and more.
The platform supports South Korean Won (KRW). It’s the only fiat option.
How Much Are Coinone Fees?
The Korean exchange offers a flat fee of 0.2% for the main market. Coinone has both Maker fees and Taker fees. For makers, those are 0-0.1%, and they can also get lower. Meanwhile, for takers it’s 0.02-0.1%. Coinone also has a withdrawal fee of 0.0015 BTC. Withdrawals in fiat currency are charged a 1000 KRW fee. No deposit fees.
Is It Possible To Use Leverage or Margin Trading on Coinone?
Following the accusations of providing gambling services from the Korean authorities, in 2017 margin trading was removed from the platform.
Business Region
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News
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Upbit, Bithumb, and Coinone Place BONK on Delisting Watchlist: What It Means
South Korea‘s three largest cryptocurrency exchanges — Upbit, Bithumb, and Coinone — have simultaneously placed Bonk ($BONK), a Solana-based meme coin, on their delisting watchlists. The coordinated action signals heightened regulatory scrutiny and potential removal of the token from trading platforms in one of the world’s most active crypto markets. Coordinated Watchlist Designation On March 28, 2025, each exchange published separate notices announcing the designation. While the exact reasons vary slightly by platform, common factors include concerns over the project‘s transparency, token distribution, and compliance with South Korea’s Virtual Asset User Protection Act. The act requires exchanges to conduct regular reviews of listed assets, particularly regarding disclosure of project fundamentals and risk of market manipulation. Upbit cited insufficient disclosure of key project information and a high concentration of token supply among a small number of wallets. Bithumb pointed to the projects failure to meet updated listing maintenance standards, while Coinone flagged abnormal trading patterns and a lack of responsive communication from the $BONK development team. Implications for Traders and the Market For holders of $BONK on these platforms, the watchlist status is a warning. Exchanges typically give a grace period — often 30 days — during which investors can withdraw or trade their holdings before
Mystery Wallet Pulls $394K in SHIB From South Korean Exchange CoinOne
A crypto wallet with an unusual transaction history made headlines on Friday after withdrawing 65.244 billion Shiba Inu tokens from CoinOne, one of South Koreas oldest cryptocurrency exchanges. The withdrawal, valued at approximately $394,000, ranked among the largest $SHIB exchange outflows of the day, according to blockchain intelligence platform Arkham. The wallet address, identified as “0x9d9f823,” had not moved any $SHIB in over two months prior to the transaction. The timing raised eyebrows across the crypto community as markets headed into the weekend, a period historically marked by thin liquidity and elevated volatility. A Two-Year Pattern That Defies Normal Investor Behavior What makes this wallet stand out is not the size of the withdrawal alone. It is the pattern behind it. Over the past two years, every single transaction linked to this address has followed the same template: a withdrawal of $SHIB from CoinOne. No deposits. No trades. No interaction with any other token or exchange. This level of behavioral consistency is rare in crypto. Most active wallets reflect a mix of transactions, token swaps, DeFi interactions, and transfers between platforms. This address shows none of that. It accumulates $SHIB from a single source and only that source. Following Fridays withdrawal, the wallet now holds
South Korean Crypto Exchange Bithumb Reinstates Commission Fees After Four Months
The South Korean crypto exchange Bithumb ended its four-month campaign of commission-free crypto trading on February 5. Per Insight Korea, Bithumb began charging a 0.04% fee “for all crypto transactions starting from February 5.” Bithumb vs Upbit: South Korean Crypto Exchange Rivals Go to War？ The exchange has been trying to claw back market share from its biggest rival, Upbit. In recent years, Upbit has eclipsed Bithumb to become the South Korean market leader. The exchange also wants to surpass Upbit by becoming the first South Korean crypto exchange to go public on the KOSPI stock market index. Bithumb told its customers it was doing away with commission fees on October 4 last year. This has led to a rise in trading volumes on Bithumb, with Upbit losing its once-total domination of the market. Trading volumes on the Bithumb and Upbit crypto exchanges over the past three months. (Image created using materials from CoinGecko) Bithumb and Upbit rivals Coinone and Korbit also did away with commission fees, with Upbit refusing to follow suit. The media outlet wrote: “Commission-free trading has been the main driving force behind Bithumb‘s growth over the past four months. Bithumb’s market share, which was only 10% in September last year, grew rapidly, reaching 51%