Tag: Upbit
South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes
A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms.
The...
More than 70% of Korea’s KBank deposits tied to crypto exchange UpBit
Korean digital bank KBank has 70% of its deposits tied to cryptocurrency. The bank is majority-owned by telecoms firm KT. Upbit, the dominant Korean...
Upbit Dominates Korean Crypto Exchange Market With a Market Share of 80%: Research
Upbit has solidified its position as the dominant player in South Korea‘s crypto exchange market, boasting an impressive market share of 80%.
According to recent...
Upbit To Enforce The Travel Rule And Prohibit Overseas Deposits & Withdrawals
Korean virtual asset exchange Upbit will change its terms for overseas deposits and withdrawals of virtual assets from the 25th of next month. The specific...
BTS agency agrees to establish NFT joint venture with domestic blockchain company
Hybe, the agency of K-pop wonder BTS, diversified its business portfolio into such as non-fungible tokens through a joint venture with Dunamu, a blockchain...
S. Korea’s top financial regulator accused of giving special treatment to Upbit
With the South Korean government recently imposing strict new rules on the cryptocurrency industry that have driven dozens of digital asset platforms out of...
Upbit’s growth background is ‘insolvent coin’… 300 billion in transaction fees
Min Byeong-deok, a member of the National Assembly's Political Affairs Committee, announced on the 5th that Upbit had earned 314.3 billion won in commission...
Blockchain not a concept anymore, but part of real life, developers say
Blockchain is not a technological concept anymore. It’s starting to apply to real life and becoming a mainstream, irreversible trend, Dunamu CEO Lee Sir-goo...
Upbit cements market leadership in South Korea’s crypto trading scene
Amid controversial regulatory efforts being made to keep cryptocurrency trading in order, Upbit appears to have solidified its leadership in the market.
Upbit retained its...
Assembly puts brakes on crypto exchange shutdowns
Both the ruling and the opposition lawmakers are pressuring financial authorities to prevent the "annihilation" of small-size cryptocurrency exchanges in the domestic market, following...
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Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
