Upbit News

Major South Korean crypto trading platform Upbit will start gradually limiting services for unverified users this week.

The increased trading volume comes following the Financial Services Commission's requirement that crypto trading platforms register as digital asset service providers before Sept. 24.

Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.”

Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list.

Hanwha Investment and Securities reached an agreement to buy 2.06 million shares from Upbit operator Dumanu.

As Thailand’s leading crypto exchange remains suspended, billionaire backed rival Upbit enters the scene.

South Korean exchange UpBit received four licenses to operate a digital asset exchange in Thailand.

Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity.

Millions of dollars in ETH stolen from Upbit in 2019 continues to move on unknown wallets, OKEx, and a little-known exchange.

Binance froze ETH previously stolen from Upbit immediately after the suspicious transaction was reported.

Legal, regulated crypto is starting to move through the Asia-Pacific region.

South Korean crypto exchange Upbit has announced the continuous ban for its foreign users from withdrawing their funds due to tax and KYC issues.

Crypto exchange Upbit recently completed a security overhaul in response to a hack the platform suffered in late 2019.