Upbit exchange
Overview
Upbit is a centralized cryptocurrency exchange headquartered in South Korea, launched in 2017 by Dunamu. It is one of the largest exchanges globally by trading volume and offers a wide range of digital assets for trading. It primarily serves the Korean market, supporting fiat currency trading pairs with the Korean Won. In November 2025, Upbit operator Dunamu was fined about 35.2 billion won (~$25 million) by South Korea's Financial Intelligence Unit over customer-verification (KYC/AML) failures and had new-customer virtual-asset transactions suspended for three months.
Within the DeFi Intel graph, Upbit connects to 6 tracked entities, most strongly to Bitcoin (BTC), XRP, and its Korea FIU VASP Registration.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
lists_token | Bitcoin (BTC) | 95% |
lists_token | XRP | 95% |
regulated_by | Korea FIU VASP Registration | 95% |
subsidiary_of | Dunamu Inc | 95% |
suffered_loss | Upbit FSC Fine November 2025 | 90% |
headquartered_in | South Korea | 85% |
Frequently asked questions
What is Upbit?
Upbit is a South Korean cryptocurrency exchange operated by Dunamu. It allows users to buy, sell, and trade digital assets and is known for its regulatory compliance in South Korea.
Is Upbit regulated?
Yes, Upbit is regulated by South Korea's Financial Services Commission and operates with a real-name account system through local banks.
What trading pairs does Upbit support?
Upbit supports trading pairs with the Korean Won (KRW) and major cryptocurrencies like Bitcoin (BTC) and Tether (USDT), along with many other digital assets.
What is Upbit connected to?
In the DeFi Intel knowledge graph, Upbit is linked to 6 other tracked entities, most strongly to Bitcoin (BTC), XRP, and its Korea FIU VASP Registration.
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