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Project Overview
Upbit is one of the largest cryptocurrency exchanges in South Korea. It was launched by Dunamu in October 2017.
Upbit operator Dunamu responds to Nasdaq listing rumors: Confirms engagement with US SEC and CFTC, plans to establish IPO committee
Odaily News: Dunamu, the operator of Korean cryptocurrency exchange Upbit, has responded to rumors of a US listing, stating that the company has indeed been in contact with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, it has not yet confirmed plans for a US listing, nor has it converted its financial reporting standards to U.S. Generally Accepted Accounting Principles (US GAAP).Dunamu stated that it is currently working with Naver Financial to complete a share swap by December 31. The two companies are valued at 15 trillion KRW and 5 trillion KRW respectively, with a swap ratio of 1 share of Dunamu for approximately 2.54 shares of Naver Financial. Upon completion of the transaction, both parties plan to establish an IPO committee within one year and proceed with listing efforts.Market observers believe Nasdaq could be a potential listing venue, mainly because Naver is already listed on the Korean exchange. If the two companies are subsequently listed on a secondary exchange in Korea as subsidiaries, they may face regulatory restrictions on "parent-subsidiary dual listings." If Dunamu ultimately pursues a US listing, it may do so via American Depositary Receipts (ADRs). The Korean legal entity and Upbit business would remain intact, and services such as KRW deposits and withdrawals for users are not expected to be directly impacted. (Etoday)
Samsung Securities plans to acquire 2% stake in Upbit operator Dunamu for $204 million
Samsung Securities has passed a board resolution to acquire 2% of Dunamu's shares for 306.3 billion won (approximately $204 million), totaling around 697,000 shares at an acquisition price of about 439,000 won per share.The sellers in this transaction include Kakao Investment, Kakao Ventures, Kakao Youth Startup Fund, and the KIF-Kakao Woori Bank Technology Finance Investment Fund. Based on the transaction price, Dunamu's overall valuation is estimated at approximately 15.3 trillion won (about $10.2 billion).Samsung Securities stated that this investment aims to enhance its competitiveness in the digital asset business and expand related synergies. Previously, Hanwha Investment & Securities also acquired Dunamu shares held by Kakao Investment at the same valuation. (Yonhap News Agency)
South Korea Sees Renewed Calls to Delay Crypto Tax, Related Bill Proposes Implementation in 2029
Senior officials from South Korea's finance ministry plan to hold consultations with major cryptocurrency exchanges on Tuesday, with participants including representatives from Upbit, Bithumb, Coinone, DigitalX, Gopax, and the Digital Asset Exchange Alliance (DAXA). Yoo Young-jun, Director General of the Digital Finance Policy Bureau at South Korea's Financial Services Commission, will attend the meeting.South Korea has postponed the crypto tax three times, most recently pushing the implementation date to 2027. Exchanges say that applicable rules for different transaction types have not yet been determined and that infrastructure preparation time is limited, with the industry broadly supporting a further delay of the tax.South Korean Democratic Party lawmaker Park Min-gyu recently proposed a bill that would set the tax start date as January 1 of the second year after South Korea begins sharing data under the OECD Crypto-Asset Reporting Framework (CARF). If the first data exchange takes place in 2027, the tax would begin in 2029. (Cointelegraph)
South Korean cryptocurrency exchanges, constrained to spot trading, saw Q2 trading volume decline by 33% while facing a dual dilemma of regulatory pressure and tax burdens.
据 Daum 报道，在全球加密货币交易所积极拓展永续合约、期权及传统股票等衍生品业务之际，韩国本土交易所因监管限制仍仅能提供现货交易。CoinGecko 数据显示，2026 年第二季度，Upbit、Bithumb、Coinone、DigitalX（原 Korbit）和 GOPAX 等韩国五大韩元交易所的现货交易总额约为 1467 亿美元，较一季度的 2188 亿美元减少 33.0%。
Bithumb: Gate Officially Included in Bithumb CODE VASP Support Scope
according to Bithumb's official announcement, Gate has been officially added to the VASP (Virtual Asset Service Provider) support list of CODE, the Travel Rule (anti-money laundering fund transfer rule) compliance solution under South Korea's Bithumb.Previously, Gate had also been included by Upbit in its supported overseas VASP scope. With this inclusion in Bithumb CODE's support scope, users can now conduct digital asset transfers that comply with Travel Rule requirements between Gate and other CODE-connected VASPs.
Upbit Parent Dunamu and Naver Swap Deal Runs Into Complications: May Clash With Regulatory Shareholding Cap
According to Yonhap, the share swap transaction between Upbit's parent company Dunamu and a subsidiary of South Korean internet giant Naver may face uncertainties. Documents disclosed by the Legislative Affairs Research Division of the National Assembly indicate that the transaction may simultaneously be subject to the minimum shareholding requirement for subsidiaries stipulated in the Fair Trade Act, as well as restrictions on the maximum shareholding by major shareholders of virtual asset exchanges.
Dunamu and Visa Reach Strategic Partnership for Stablecoin Payments and Remittances
According to Yonhap News Agency, Dunamu, operator of South Korean crypto exchange Upbit, has announced a strategic partnership with global payment giant Visa. Both parties will jointly explore next-generation financial payment services leveraging stablecoins and AI. Cooperation areas include stablecoin payments and cross-border remittance services, business models for the USD stablecoin OUSD based on Open Standards, and "Agentic Commerce," which integrates AI with stablecoins to allow AI to handle the entire product search, purchase, and payment process on behalf of users. The specific service architecture has yet to be finalized, and implementation will proceed in phases in compliance with relevant regulations and regulatory requirements.
Upbit operator Dunamu responds to Nasdaq listing rumors: Confirms engagement with US SEC and CFTC, plans to establish IPO committee
Odaily News: Dunamu, the operator of Korean cryptocurrency exchange Upbit, has responded to rumors of a US listing, stating that the company has indeed been in contact with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, it has not yet confirmed plans for a US listing, nor has it converted its financial reporting standards to U.S. Generally Accepted Accounting Principles (US GAAP).Dunamu stated that it is currently working with Naver Financial to complete a share swap by December 31. The two companies are valued at 15 trillion KRW and 5 trillion KRW respectively, with a swap ratio of 1 share of Dunamu for approximately 2.54 shares of Naver Financial. Upon completion of the transaction, both parties plan to establish an IPO committee within one year and proceed with listing efforts.Market observers believe Nasdaq could be a potential listing venue, mainly because Naver is already listed on the Korean exchange. If the two companies are subsequently listed on a secondary exchange in Korea as subsidiaries, they may face regulatory restrictions on "parent-subsidiary dual listings." If Dunamu ultimately pursues a US listing, it may do so via American Depositary Receipts (ADRs). The Korean legal entity and Upbit business would remain intact, and services such as KRW deposits and withdrawals for users are not expected to be directly impacted. (Etoday)
Upbit, Bithumb List Initia (INIT) as Trading Warning Asset
According to announcements from Upbit and Bithumb, both Korean cryptocurrency exchanges have designated Initia (INIT) as a trading alert asset due to unexplained or unresolved security incidents, such as hacks impacting related wallets or distributed ledgers, which could lead to user asset losses. Currently, deposit and withdrawal services for INIT on both exchanges have been suspended. Upbit stated that upon resumption, withdrawals will be prioritized, with deposit services to be announced separately.
Upbit will list the BMT/KRW trading pair, with trading opening today at 11:00.
According to Upbit's official announcement, Upbit will list the Bubblemaps (BMT)/KRW trading pair today at 11:00 Beijing Time, supporting deposits and withdrawals on the Solana network. According to the announcement, buy orders will be restricted for the first 5 minutes after trading opens, and sell orders more than 10% below the previous day's closing price will also be restricted; only limit orders will be supported for approximately the first 2 hours. If liquidity is insufficient, the trading opening time may be delayed.
Upbit will suspend digital asset deposits and withdrawals exceeding 1 million KRW between itself and BitMEX.
According to an official announcement, due to BitMEX terminating its connection to the Travel Rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1,000,000 KRW or more between itself and BitMEX starting October 16, 2026. The specific arrangements are as follows: • Withdrawals to BitMEX: Suspended as of September 23. Withdrawals via OpenAPI are also unavailable. • Manual deposits from BitMEX to Upbit: Deposits of 1,000,000 KRW or more will be suspended at 14:00 on December 18. Assets of 1,000,000 KRW or more arriving after this time must be retrieved through Upbit's refund process. • Deposits below 1,000,000 KRW: Supported as usual.
Upbit Will List NMR/KRW and NMR/USDT Trading Pairs
According to Upbit's official announcement, Upbit will add new KRW and USDT trading pairs for Numeraire (NMR), with trading expected to officially open at 19:45 Beijing Time tonight, supporting Ethereum network deposits and withdrawals.
Upbit 将上线 Dolphin（POD），支持韩元、BTC 及 USDT 交易对
据 Upbit 公告，Upbit 将上线 Dolphin（POD），支持 KRW、BTC 和 USDT 三个交易市场，预计于北京时间今日 15:00 开放交易。POD 仅支持通过 Base 网络充值和提现，充提服务将在公告发布后 2 小时内开放。 Dolphin 是一个 AI DePIN 项目，通过整合全球闲置 GPU 资源分布式处理 AI 推理任务，并提供 Web Chat、Telegram Bot 等产品。POD 代币主要用于网络质押及 Bonding。
Upbit Lists Sophon (SOPH) on Trading Warning List and Suspends Deposits
According to the official announcement, Upbit has added Sophon to its trading alert list and has suspended its deposit and withdrawal services.
Upbit, Bithumb List Initia (INIT) as Trading Warning Asset
According to announcements from Upbit and Bithumb, both Korean cryptocurrency exchanges have designated Initia (INIT) as a trading alert asset due to unexplained or unresolved security incidents, such as hacks impacting related wallets or distributed ledgers, which could lead to user asset losses. Currently, deposit and withdrawal services for INIT on both exchanges have been suspended. Upbit stated that upon resumption, withdrawals will be prioritized, with deposit services to be announced separately.
Upbit adds MultiversX (EGLD) to the trading warning list
According to an official announcement, Upbit has placed MultiversX (EGLD) on its trading warning list. Deposit and withdrawal services are currently suspended. Previously, it was reported that MultiversX suspended its network due to a virtual machine atomicity vulnerability, and a patch is now undergoing testing.
Upbit 将 Zilliqa（ZIL）列为交易注意种目
According to Upbit's official announcement, Upbit has designated Zilliqa (ZIL) as an asset subject to trading caution citing "security incidents such as hacks with unknown causes or unaddressed vulnerabilities" (pursuant to Article 17, Paragraph 1, Item 5 of the Enforcement Decree of the Virtual Asset User Protection Act), with the designated period from 19:00 KST on July 22, 2026, to the third week of August (August 17–21). Deposit and withdrawal services for ZIL have been suspended since 19:00 KST on July 20. Upon reopening, only withdrawal services will be restored, while deposit services will be announced separately depending on the progress of subsequent reviews. Upbit will conduct a detailed review of ZIL during the designated period and decide depending on the situation whether to extend the caution period, lift the caution, or terminate trading support.
South Korea's Financial Supervisory Service Initiates Sanction Procedures Against Upbit Operator Dunamu
According to Yonhap News Agency, the South Korean Financial Supervisory Service has sent an inspection opinion letter to Upbit's operating company, officially initiating the sanction procedure. Subsequently, the sanction content will be finally determined after going through procedures such as company explanation, the Sanction Deliberation Committee, the Securities and Futures Commission, and the Financial Services Commission. Yonhap News Agency stated that since the current "Virtual Asset User Protection Act" mainly targets user protection and unfair trading, it lacks direct and clear sanction provisions for hacking/system accidents, resulting in uncertainty regarding the severity of the sanctions.
BonkDAO Suffers Malicious Governance Proposal Attack, Approximately $20 Million in BONK Stolen
the official Bonk Inu X account announced that BonkDAO was attacked via a malicious governance proposal, resulting in the theft of approximately $20 million worth of BONK tokens from its DAO treasury.According to reports, the attacker exploited a suspicious governance proposal to transfer assets from the BonkDAO treasury. The stolen BONK subsequently began flowing to exchanges, putting downward pressure on the BONK price. Data from The Block shows that the BONK price has dropped over 9%.South Korean exchange Upbit subsequently issued a notice stating that it has temporarily suspended BONK deposits and withdrawals to address the incident and mitigate potential risks. (The Block)
Aethir Prevents Cross-Chain Bridge Vulnerability Attack and Promises Compensation
Decentralized GPU cloud computing infrastructure platform Aethir confirmed that its Ethereum-related bridge contract was attacked. The team promptly disconnected the affected contract and, in collaboration with major exchanges, blacklisted the hacker’s wallet, limiting losses to under $90,000. Earlier, blockchain security firm PeckShield estimated losses at $400,000. The attacker exploited Aethir’s cross-chain smart contract, AethirOFTAdapter, to transfer stolen funds from BNB Chain to Tron. Aethir stated that its Ethereum mainnet ATH token supply remains unaffected. It plans to release a detailed compensation plan and incident analysis next week and will collaborate with exchanges including Binance, Upbit, and Bithumb to freeze funds. Web3 security platform ZeroShadow is assisting with the investigation. In 2025, Aethir achieved $127.8 million in revenue and deployed over 440,000 GPU containers globally.
Upbit will discontinue BLUR trading support
According to Upbit's official announcement, Upbit will discontinue trading support for BLUR.
Upbit to List NIL/KRW Trading Pair
according to an official announcement, Upbit will list the NIL/KRW trading pair.
Upbit will suspend ATOM deposits, withdrawals, and staking applications on October 28.
According to an announcement by Upbit, due to the Cosmos Hub network upgrade, Upbit will suspend Cosmos (ATOM) deposit and withdrawal services starting from 20:00 KST on October 28, resuming only after network stability is confirmed. At the same time, ATOM staking applications will be suspended, while unstaking applications will remain unaffected. ATOM trading services will continue normally during the upgrade, and the specific resumption time will be announced separately.
Upbit will list the BMT/KRW trading pair, with trading opening today at 11:00.
According to Upbit's official announcement, Upbit will list the Bubblemaps (BMT)/KRW trading pair today at 11:00 Beijing Time, supporting deposits and withdrawals on the Solana network. According to the announcement, buy orders will be restricted for the first 5 minutes after trading opens, and sell orders more than 10% below the previous day's closing price will also be restricted; only limit orders will be supported for approximately the first 2 hours. If liquidity is insufficient, the trading opening time may be delayed.
Upbit: GIWA Chain Still in Testnet Phase, Warns Users Against Impersonation Projects and Fake Token Scams
Odaily reports: South Korean cryptocurrency exchange Upbit has issued an announcement stating that it has recently discovered bad actors impersonating the GIWA blockchain project, spreading false information about mainnet launch and digital asset issuance, and inducing users to transfer assets.Upbit stated that GIWA is an Ethereum Layer 2 network being developed by its parent company Dunamu, and is currently running only a testnet. The mainnet remains in the development and preparation stage, with no official launch date announced yet.Upbit reminds users to be wary of unconfirmed information regarding mainnet launches, token issuance, and investment opportunities, and not to trust unofficial channels that ask users to purchase digital assets, transfer funds, or connect wallets. Project updates should be based on information published on GIWA's official website and official social media channels.
Upbit Will List AXIS/KRW, AXIS/BTC and AXIS/USDT Trading Pairs
According to official announcements, Upbit will list AXIS/KRW, BTC, and USDT trading pairs.
Related news
Upbit will discontinue BLUR trading support
According to Upbit's official announcement, Upbit will discontinue trading support for BLUR.
Upbit to List NIL/KRW Trading Pair
according to an official announcement, Upbit will list the NIL/KRW trading pair.
Upbit, Bithumb List Initia (INIT) as Trading Warning Asset
According to announcements from Upbit and Bithumb, both Korean cryptocurrency exchanges have designated Initia (INIT) as a trading alert asset due to unexplained or unresolved security incidents, such as hacks impacting related wallets or distributed ledgers, which could lead to user asset losses. Currently, deposit and withdrawal services for INIT on both exchanges have been suspended. Upbit stated that upon resumption, withdrawals will be prioritized, with deposit services to be announced separately.
Upbit will suspend ATOM deposits, withdrawals, and staking applications on October 28.
According to an announcement by Upbit, due to the Cosmos Hub network upgrade, Upbit will suspend Cosmos (ATOM) deposit and withdrawal services starting from 20:00 KST on October 28, resuming only after network stability is confirmed. At the same time, ATOM staking applications will be suspended, while unstaking applications will remain unaffected. ATOM trading services will continue normally during the upgrade, and the specific resumption time will be announced separately.
Upbit will list the BMT/KRW trading pair, with trading opening today at 11:00.
According to Upbit's official announcement, Upbit will list the Bubblemaps (BMT)/KRW trading pair today at 11:00 Beijing Time, supporting deposits and withdrawals on the Solana network. According to the announcement, buy orders will be restricted for the first 5 minutes after trading opens, and sell orders more than 10% below the previous day's closing price will also be restricted; only limit orders will be supported for approximately the first 2 hours. If liquidity is insufficient, the trading opening time may be delayed.
Upbit: GIWA Chain Still in Testnet Phase, Warns Users Against Impersonation Projects and Fake Token Scams
Odaily reports: South Korean cryptocurrency exchange Upbit has issued an announcement stating that it has recently discovered bad actors impersonating the GIWA blockchain project, spreading false information about mainnet launch and digital asset issuance, and inducing users to transfer assets.Upbit stated that GIWA is an Ethereum Layer 2 network being developed by its parent company Dunamu, and is currently running only a testnet. The mainnet remains in the development and preparation stage, with no official launch date announced yet.Upbit reminds users to be wary of unconfirmed information regarding mainnet launches, token issuance, and investment opportunities, and not to trust unofficial channels that ask users to purchase digital assets, transfer funds, or connect wallets. Project updates should be based on information published on GIWA's official website and official social media channels.