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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...
A headquarter of Upbit, Gangnam-gu, Seoul. Dec.21st, 2018/News1 © News1 Lee Seung-bae

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...
A headquarter of Upbit, Gangnam-gu, Seoul. Dec.21st, 2018/News1 © News1 Lee Seung-bae

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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