Upbit

Upbit is one of South Korea’s largest cryptocurrency exchanges. Operated by Dunamu, it is also an important gauge of capital flows and regulatory trends in the country’s crypto market. Recent developments include its membership in the U.S. Digital Chamber to advance global compliance, safe-haven flows into crypto assets in South Korea, and the postponement of a share-swap deal between Naver and Dunamu because of a new law. Financial institutions, meanwhile, continue to compete for stakes in the exchange. As South Korea considers imposing no-fault compensation liability on exchanges, Upbit’s cross-industry integration, earnings performance and regulatory risks remain key areas to watch.