upbit

Upbit is a South Korean cryptocurrency exchange launched in 2017 by fintech firm Dunamu, in partnership with Bittrex. Founded by Song Chi-hyung, the platform is known for its high liquidity, strong security, wide range of digital assets, and deep regional adoption, especially in Korean Won (KRW). Upbit is designed for both beginners and professional traders with a strong focus on safety and compliance.

Key Features of Upbit:

• Users can trade multiple cryptocurrencies, including Bitcoin, Ethereum, and many others.
  
• Enables users to stake certain coins and earn passive revenue from staking or yield farming.
  
• Order books, market data, and historical analytics to help users make informed trading decisions.
  
• Offers strong security features like 2FA and safe wallet storage.

Upbit Milestones

Upbit 2026 Updates

• • GoChain (GO) Investment Warning
    Upbit issued an Investment Warning for GoChain (GO) due to declining development activity and network usage. The exchange added stricter disclosures and trading limits to protect retail investors.
  • iExec (RLC) Supply Expansion
    Upbit approved a 7.4% circulating supply increase for iExec (RLC), adding 6M tokens after a request from the project team to improve liquidity and ecosystem growth.
  • FLOW Delisting Announcement
    Upbit announced the delisting of FLOW/KRW and FLOW/BTC pairs, effective March 16, 2026, due to security issues. This led to a legal challenge from the Flow Foundation against Upbit and the DAXA alliance.
  • Definitive (EDGE) Strategic Listing
    Upbit listed Definitive (EDGE) with KRW, BTC, and USDT trading pairs. The project focuses on verifiable data integrity, a sector gaining attention under Korea’s regulatory climate.
  • XRP Trading Volume Surge
    Heatmap data showed Upbit becoming the #1 global exchange for XRP trading volume, overtaking Binance and Coinbase, driven by strong demand from Korean traders.
  • FSC Equity Cap Response
    After the Financial Services Commission (FSC) proposed a 20% ownership cap, Chairman Song Chi-hyung (holding ~25.5%) will reduce equity during a three-year grace period as Upbit restructures into a public utility-style entity.