Share this article
Fintech Firm to Launch Cryptocurrency Exchange in South Korea
South Korea is getting a new cryptocurrency exchange – one backed by an already established fintech firm called Dunamu.
By Pete Rizzo
Updated Sep 13, 2021, 6:58 a.m. Published Sep 26, 2017, 9:00 a.m.
South Korea is getting a new cryptocurrency exchange, one backed by an already established fintech firm.
The new platform, known as Upbit, is a partnership between South Korean app maker Dunamu and U.S.-based Bittrex, one of the market's longest-running exchanges focused on alternative cryptocurrencies.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Set to open next month, Upbit plans to support an extensive range of tokens (over 100 in total). As such, a key part of its value proposition will be the consolidation of potential trading options.
The news comes as South Korea is emerging as a new hotbed of digital currency trading, and as neighboring China, once a major hub for activity, cracks down on local exchanges.
Dunamu, for its part, brings extensive experience in mobile apps to the partnership. Among others, it developed a stock-trading app for South Korean internet conglomerate Kakao, and Upbit users will be able to use Kakao's messaging and payment apps to place trades.
Upbit's website further indicates that BitGo, a pioneer of multi-signature solutions for cryptocurrency companies, will provide wallet security to the exchange's customers.
Seoul, South Korea image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
