Upbit Is One Of The Largest Cryptocurrency Exchanges In South Korea, Offering To Trade Multiple Cryptocurrencies And Bitcoin In South Korean Won (KRW). The Platform Has Experienced Rapid Growth Within Three Months Of Its Launch, Thanks To The Support Of Its US Partner Bittrex. Upbit Also Allows Users To Trade Through The Kakao Stock Platform, Making It As Convenient For Users To Trade Digital Assets As Using A Messaging App.
Key Information:
- Founded: Upbit Went Live On October 24, 2017.
- Founder: Song Chi-Hyung Is The Founder Of Upbit And The CEO Of Dunamu. He Holds A Bachelor's Degree In Computer Science And Economics. During The Period Of The Cryptocurrency Boom (December 2017), Upbit's Average Daily Trading Volume Reached $4.50 Billion, With A Single-day Record High Of $11 Billion.
- Headquarters And Expansion: Upbit Is Headquartered In Seoul, South Korea, And Began Expanding Into Southeast Asia In Late 2018, With Branches In Singapore, Indonesia, And Thailand.
- Service Restrictions: Upbit Does Not Provide Services To Users Within The United States And Certain Sanctioned Countries.
- Currency Support: Currently, Upbit Supports More Than 220 Crypto Tokens And Offers 407 Trading Pairs.
- Fee: For Different Trading Pairs, Different Trading Methods (eat Order/pending Order), Korean Won/BTC/USDT Trading Pairs Have Different Fee Rates, Ranging From 0-0.25%.
- Leveraged Trading: As Of October 2022, Upbit Does Not Support Margin Trading.
Upbit Is A User-friendly Crypto Trading Platform That Has A Place In The Market With Strong Partnerships And Simplified Trading Methods. In December 2018, Upbit Became The First Cryptocurrency Exchange In The World To Be Certified By The Korea Internet Security Agency Information Security Management System (ISMS) And The International Standards Organization (ISO) Information Security Certification (ISO 27001), Cloud Security (ISO 27017) And Cloud Privacy (ISO 27018).
