News
Naver Financial plans to acquire Dunamu in a $10.3 billion stock-swap deal, issuing 87.56 million new shares and making the crypto giant a wholly owned subsidiary.
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Latest Upbit News
Upbit is a South Korean cryptocurrency exchange founded in 2017 by Dunamu, with support from the U.S.-based exchange Bittrex.
It quickly became one of the largest and most trusted exchanges in South Korea, known for its robust security measures, user-friendly interface and extensive range of cryptocurrencies available for trading. Upbit has expanded its services internationally, with platforms in Singapore and Indonesia.
Despite facing regulatory challenges and scrutiny, Upbit remains a major player in the global crypto exchange market.
- News
US investors could soon get exposure to South Korea’s active crypto market, as crypto exchange Upbit’s parent company, Dunamu, reportedly eyes a Nasdaq listing.
1583 - News
South Korean crypto exchange Upbit confirmed it has launched Giwa, an Ethereum layer 2 on testnet, focused on one-second block times and optimizing user experience.
5722 - News
Military Bank, a Vietnamese state-controlled lender, has partnered with the parent company of South Korea’s Upbit exchange, Dunamu, to develop a cryptocurrency exchange.
10826 - News
South Korea’s BDACS has rolled out institutional custody support for XRP, following its partnership with Ripple and integration with top South Korean exchanges.
5881 - News
The guidelines are expected to cover leverage limits, user eligibility and risk disclosures for crypto lending activities.
4014 - News
The investor warning from the South Korean regulator comes as Synthetix USD, a stablecoin collateralized with Synthetix tokens, failed to recover its dollar peg.
3823 - Analysis
A surprise, botched coup kept South Korean regulators busy at the end of 2024, but when the dust settled, financial watchdogs awoke.
3399 - Market Analysis
A majority of XRP supply is in profit, but rising sell pressure at Upbit could be a sign that a growing number of investors are turning bearish.
8388 - News
Dunamu sued the country’s financial regulator, seeking to overturn the sanction and requesting an injunction to temporarily lift the ban.
5413 - Newsletter
United States Senator Dick Durbin proposed legislation aiming to reduce fraud through crypto ATMs.
8465 - News
Upbit operator Dunamu is trying to overturn sanctions imposed by regulators after they found faults with Upbit’s verification process.
6799 - News
Upbit emphasized that the FIU’s sanctions “may be subject to change” through procedures in accordance with relevant regulations.
4045 - News
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months.
3018 - News
Upbit has warned investors as IOST plans a layer-2 transition, with 21 billion new tokens and a tokenomics overhaul.
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