Jul 28, 2023 05:55

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency exchanges including Upbit, Bithumb, Coinone, Korbit, and Gopax have created compliance systems to monitor illegal [...]

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Apr 12, 2023 06:55

ApeCoin Experiences Sharp Price Surge on South Korean Exchange

Yuga Labs' ERC-20 token ApeCoin (APE) experienced a brief surge in price on the South Korean cryptocurrency exchange Upbit, with prices reaching $90.00 per token before a sell-off reduced most of the gains. The spike was attributed to retail frenzy and trading restrictions on the exchange. (Read More)

Jan 23, 2025 04:20

Upbit and Bithumb to Pay $2.4M to Users for Network Outage on Martial Day

South Korean crypto exchanges Upbit and Bithumb have made headlines again today. Both of them come to an agreement to pay around $2.4 million to users as compensation. This is to cover the losses that incurred due to network outages on December 3, 2024, Martial day of South Korea. This