Trading Volume (24 Hours)
NT$65,616,814,594.44
20,817 BTC
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About Upbit
What Is Upbit?
Upbit is South Korea’s largest cryptocurrency exchange by trading volume. Users can trade a wide range of cryptocurrencies against Bitcoin (BTC) and the Korean Won (KRW). Launched in October 2017, Upbit rapidly grew its user base through a strategic partnership with U.S.-based Bittrex.
A standout feature is integration with KakaoTalk, South Korea’s dominant messaging app, allowing seamless crypto trading within the platform. During the 2017 bull run, Upbit recorded daily trading volumes averaging $4.5 billion**, peaking at **$11 billion in a single day.
Founder and Background
Song Chi-Hyung, CEO of Dunamu and Upbit’s founder, holds degrees in Computer Science and Economics. Backed by Kakao’s investment, Upbit expanded into Southeast Asia (Singapore, Indonesia, Thailand) starting in 2018.
Launch and Headquarters
- Launched: October 24, 2017
- HQ: Seoul, South Korea
Restricted Countries
Upbit does not serve:
- U.S. residents
- Users in jurisdictions under sanctions or FATF high-risk lists
Supported Cryptocurrencies and Fees
- Coins: 170+ cryptocurrencies | Trading Pairs: 288
- Trading Fee: 0.25% (both maker and taker)
- Deposit Fee: Free | Withdrawal Fee: Varies by asset
👉 Explore Upbit’s full fee schedule
Market Data (Top 50 Pairs)
| # | Coin | Pair | Price (NT$) | 24h Volume (NT$) | % of Total Volume |
|----|-----------------|------------|-------------|--------------------|-------------------|
| 1 | StormX (STMX) | STMX/KRW | 0.004476 | 10,562,794,030 | 16.12% |
| 2 | NEM (XEM) | XEM/KRW | 0.05503 | 8,671,151,112 | 13.23% |
| 3 | XRP | XRP/KRW | 64.61 | 6,135,797,537 | 9.36% |
| ... (Condensed for brevity; full table in original data) |
Frequently Asked Questions
Does Upbit Support Margin Trading?
No, Upbit does not offer margin or leverage trading (as of October 2022).
How Does Upbit Ensure Security?
Upbit employs cold storage for funds, two-factor authentication (2FA), and regular audits.
What Makes Upbit Unique?
Integration with KakaoTalk and dominance in South Korea’s crypto market set it apart.
Disclaimer
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