MASRegulated
Singapore Crypto Asset Exchange License (CEX)
UPbit
Regulated in Singapore
Crypto Asset Exchange License (CEX)
Global Business
Ecosystem Exchange
Basic Information
Country/RegionSingapore
Exchange AbbreviationUPbit
Company NameUPBIT SINGAPORE PTE. LTD.
Operating Period5-10 years
Websitehttps://sg.upbit.com/home
Exchange TypeDecentralized Exchange
RiskNotice
1 risk alerts
SECRegulated
Thailand Crypto Asset Exchange License (CEX)
OJKRegulated
Indonesia Crypto Asset Exchange License (CEX)
FIUActive
South Korea Virtual Asset Service Provider (VASP)
Exchanges with 24H trading volume exceeding 80.05%
66 /100
$521,750,000
8.82% | Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
 | BTC/USDT | $63,291.69 | 0.25% | $128,426.51 | $119.02K/$88.95K | 510 |
| ETH/USDT | $1,872.92 | 0.99% | $15,868.88 | $45.43K/$7.71K | 366 |
| BONK/USDT | $0.00000249 | 9.69% | $9,076.75 | $0.00/$0.00 | 1 |
| XRP/USDT | $1.00 | 0.70% | $8,222.3 | $18.44K/$4.93K | 275 |
| CYS/USDT | $1.39 | 0.00% | $6,795.77 | $0.00/$0.00 | 1 |
| PAXG/USDT | $4,474.03 | -- | $1,779.61 | $0.00/$0.00 | 1 |
| BRETT/USDT | $0.00395174 | 0.85% | $1,159.2 | $272.09/$1.04K | 84 |
| ONDO/USDT | $0.3267541 | 2.65% | $1,117.13 | $200.46/$57.12 | 8 |
| HOME/USDT | $0.01072845 | 19.33% | $1,032.35 | $0.00/$0.00 | 1 |
| SOL/USDT | $75.99 | 0.29% | $947.03 | $36.89K/$8.12K | 337 |
Exchange Overview
Exchange Overview
What is Upbit?
Upbit Korea is the largest cryptocurrency exchange in South Korea in terms of trading volume and customer base, with over 180 crypto coins/tokens listed and over 300 trading pairs readily available. Upbit's ecosystem comprises of Upbit Exchange, NFT Marketplace/Drops platform, and its Staking services.
Through its user-friendly web platform and mobile apps, Upbit offers a fast and secure trading experience and has always prioritized safety, transparency, and reliability for its users.
Upbit has gained significant security certifications since the exchange launched in 2017, including ISMS-P and ISO/IEC, attesting to its high degree of personal information and information security management. Upbit has an industry-leading, round-the-clock Artificial Intelligence FDS system and a dedicated AML team for suspicious transaction monitoring.
Through its Upbit Care Centre, Upbit offers unparalleled investor protection services, including free counseling and education on cryptocurrencies.
Upbit Singapore*, Upbit Indonesia, and Upbit Thailand are independent legal entities incorporated and regulated in their respective jurisdictions. Upbit Korea shares BTC and USDT-based pairs liquidity with Upbit Thailand and Upbit Indonesia.
*Upbit Singapore has been exempted from holding a license under the Payment Services Act ("PS Act") for DPT services.
Who are the Founders of Upbit?
Song Chi-hyung founded and chairs Dunamu, the operator of Upbit. He received his Bachelor’s degree in computer science and economics from Seoul National University.
Song Chi-hyung worked on developing mobile payment services and various IT-related projects at Danal and Inomove before founding Dunamu.
When did Upbit Launch?
Upbit launched its service in October 2017 and obtained the first virtual asset service provider (VASP) qualification in 2021.
Upbit Restricted Countries
Upbit limits its services to countries that are deemed high-risk by the FATF and UN.
How Much Are Upbit Fees?
Upbit offers a low trading fee of 0.05% in the Korean Won (KRW) trading pairs.
BTC and UDST-based trading pairs for both maker and taker are 0.25%
Is it Possible to Use Leverage or Margin Trading on Upbit?
Upbit does not support leveraged trading or offer margin trading.
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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 $BONK on these platforms, the watchlist status is a warning. Exchanges typically give a grace period — often 30 days — during which investors can withdraw or trade their holdings before
Upbit rejects Open USD role after stablecoin partner claims
South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin. According to a statement issued by Upbit, the exchange has not agreed to issue or help launch the dollar-backed stablecoin, despite its operator, Dunamu, appearing on Open Standards published list of participating businesses. The company said it had only expressed a willingness to consider joining the OpenStandard ecosystem if it expands in the future. The clarification follows similar statements from several South Korean companies that were also named by Open Standard earlier this week. Those responses have raised new questions about how many organizations have formally committed to the project after Open Standard introduced OUSD as a stablecoin backed by the U.S. dollar. South Korean firms deny formal participation Following Samsung Electronics‘ earlier response, more companies have now distanced themselves from Open Standard’s announcement. As reported by crypto.news, Samsung said it had not held formal discussions with the project and did not know what role it was expected to play. Dunamu, Shinhan Bank and K-Bank also confirmed they had received inquiries from Open Standard but said they were still reviewing the proposal and had
Bitcoin Exchanges Upbit and Bithumb Announce They Will List These Altcoins on Their Spot Trading Platforms! Here Are the Details
Upbit and Bithumb, two of South Koreas leading cryptocurrency exchanges, announced new trading support for Metaplex (MPLX) and Nexus ($NEX). However, following its initial announcement, Upbit stated that it had changed the trading start times for both assets. Accordingly, the trading start date for Metaplex (MPLX), previously scheduled for July 3, 2026 at 3:00 PM, has been postponed to 7:00 PM, while the start time for Nexus ($NEX), previously announced as 6:00 PM, has also been moved to 7:00 PM. According to Upbit‘s announcement, MPLX will be traded on the Solana network for BTC and $USDT, while $NEX will be traded on the Ethereum network for $USDT. Deposits and withdrawals for both assets are planned to open within two hours of the announcement’s release. The exchange also stated that the trading start time may be postponed again if sufficient liquidity is not available. The new listings will also implement various trading restrictions for users. Accordingly, buy orders will be restricted for approximately 5 minutes after the trade opens. During the same period, sell orders cannot be placed at levels more than 10% below the previous days closing price. In addition, all order types except limit orders will be temporarily restricted for the first