upbit

According to a report by Yonhap News Agency, the stock swap transaction between Upbit's parent company Dunamu and a subsidiary of South Korean internet giant NAVER may have uncertainties. Data disclosed by the Legislative Investigation Office of the National Assembly of Korea shows that the related transaction may simultaneously face the minimum shareholding ratio for subsidiaries stipulated by the Fair Trade Act, as well as the maximum shareholding ratio limit for major shareholders of virtual asset exchanges.Currently, NAVER Pay does not seem to belong to a holding company, but if it becomes a holding company in the future and includes the exchange as a subsidiary, there may be a situation where two conflicting shareholding standards apply simultaneously, thus requiring adjustments to the governance structure. The Fair Trade Act of Korea stipulates that a holding company must hold at least 30% of the shares in listed subsidiaries and at least 50% in non-listed subsidiaries; for venture capital holding companies, the requirement is 20%. The second phase of discussions on South Korean virtual asset legislation also involves the maximum shareholding limit for major shareholders of exchanges to reduce the concentration of control and the risk of conflicts of interest among specific shareholders.

Circle's euro stablecoin EURC compliant with MiCA is now live on the South Korean exchange Upbit, covering KRW, BTC, and other markets, providing Korean users with a more convenient access channel.Circle is the issuer of the US dollar stablecoin USDC, and EURC is its euro stablecoin. Upbit is one of the major cryptocurrency exchanges in South Korea.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately 1.02 billion USD, a decrease of 18.27% compared to the previous 24 hours.The top five trading pairs by trading volume are: XRP/KRW (trading volume share 9.02%, transaction amount approximately 95.15 million USD); VTHO/KRW (trading volume share 6.42%, transaction amount approximately 67.68 million USD); BTC/KRW (trading volume share 6.3%, transaction amount approximately 66.45 million USD); BFC/KRW (trading volume share 6.08%, transaction amount approximately 64.09 million USD); USDT/KRW (trading volume share 6.05%, transaction amount approximately 63.77 million USD).

UPBIT will stop trading support for Ravencoin (RVN) on October 12, 2026, at 15:00. The affected trading pairs include RVN/KRW, RVN/BTC, and RVN/USDT. Users must complete the withdrawal of RVN by November 11, 2026.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately 1.254 billion USD, an increase of 194.55% compared to the previous 24 hours.The top five trading pairs by trading volume are: IOST/KRW (trading volume share 7.58%, transaction amount approximately 97.67 million USD); XRP/KRW (trading volume share 7.08%, transaction amount approximately 91.13 million USD); USDT/KRW (trading volume share 5.33%, transaction amount approximately 68.68 million USD); VTHO/KRW (trading volume share 5.11%, transaction amount approximately 65.77 million USD); BTC/KRW (trading volume share 4.91%, transaction amount approximately 63.29 million USD).

UPBIT will start supporting the KRW and USDT trading markets for Bifrost (BFC) at 13:45 on September 10. Please note that within approximately 5 minutes after trading support begins, buy orders will be restricted, and the minimum selling price will be limited to below 10% of the previous day's closing price. Additionally, within approximately 2 hours after trading support begins, all order types except limit orders will be restricted.

UPBIT will launch the USDT trading pair for Renzo (REZ) on September 10 at 15:00. Users need to complete the deposit within 1 hour and 15 minutes after the announcement is released. Trading supports the Ethereum network.

UPBIT will launch the BTC and USDT trading pairs for HEMI and USELESS on September 8 at 21:30. HEMI is based on the Ethereum network, while USELESS is based on the Solana network. Users need to confirm network information before making deposits.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately $298 million, an increase of 95.64% compared to the previous 24 hours.The top five trading pairs by trading volume are: XRP/KRW (trading volume share 7.84%, transaction amount approximately $84.47 million); SOPH/KRW (trading volume share 7.12%, transaction amount approximately $76.72 million); BTC/KRW (trading volume share 5.94%, transaction amount approximately $63.98 million); USDT/KRW (trading volume share 5.33%, transaction amount approximately $57.46 million); WLD/KRW (trading volume share 4.79%, transaction amount approximately $51.64 million).

UPBIT will launch Cluster Protocol (CP) trading on September 8 at 14:30, supporting KRW, BTC, and USDT markets. Users should note that CP only supports deposits and withdrawals on the Base network.

According to CoinGecko data, the trading volume on the Upbit platform increased by 130.4% in the past 24 hours. Among them, the XRP/KRW trading pair ranked first in the Korean won trading market with a 7.86% share of the trading volume, while the other top five are: RAY, USDT, BTC, FLOCK.

The total trading volume of the five major South Korean crypto CEXs (Upbit, Bithumb, Coinone, DigitalX, GOPAX) reached approximately 31.1 trillion won (about 23 billion USD) during the week from August 21 to 28, a staggering increase of 188.04% compared to the previous week's 10.8 trillion won, marking the highest level in nearly 10 months since late October 2025.In terms of exchange market share, Upbit maintained the first position with 59.61%, while Bithumb ranked second with 33.11%; the renamed DigitalX (formerly Korbit) saw a significant increase in market share from 3.477% to 4.21%, surpassing Coinone (3.05%) to rise to third place, achieving the highest market share for the platform in nearly 20 weeks.

UPBIT will stop supporting trading of Synthetix (SNX) on September 28, 2026, at 15:00. The affected trading pair is SNX/BTC. Users must complete the withdrawal of SNX before October 28, 2026.

Upbit's parent company Dunamu has signed a strategic partnership with Visa, and the two parties will collaborate on stablecoins and AI-based financial services. At the same time, the two companies are also exploring the integration of Open Standard's OUSD into future business models.This collaboration was announced just two days after Visa reached a partnership with South Korea's Shinhan Bank, also focusing on stablecoins and AI-related fields. Dunamu, as the operator of South Korea's major digital asset trading platform Upbit, aims to promote the application of stablecoins and the layout of intelligent financial products by partnering with the global payment giant.

UPBIT will launch EURC (EURC) trading on August 28 at 14:00, supporting KRW, BTC, and USDT markets. Users should note that EURC deposits and withdrawals only support the Ethereum network.

Due to the emergency shutdown of the ThunderCore network, UPBIT will stop supporting withdrawals of ThunderCore (TT) at 09:00 on September 1, 2026, and will also advance the end date for trading support of the TT/KRW and TT/BTC trading pairs to the same day.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately $1.083 billion, an increase of 53.2% compared to the previous 24 hours.The top five trading pairs by trading volume are: XRP/KRW (trading volume share 17.54%, transaction amount approximately $242 million); USDT/KRW (trading volume share 9.97%, transaction amount approximately $138 million); ETH/KRW (trading volume share 8.13%, transaction amount approximately $112 million); ONG/KRW (trading volume share 8.1%, transaction amount approximately $112 million); BTC/KRW (trading volume share 6.27%, transaction amount approximately $86.54 million).

UPBIT will list Polyswarm (NCT) on August 26 at 21:00 and support KRW trading. During the trading support period, the trading fee will be reduced from 0.05% to 0%, and the event will last until August 27 at 20:59.

On August 26, according to the Korea Herald, South Korean cryptocurrency exchange operator Dunamu has been designated by the Ministry of the Interior and Safety as a "Joint Utilization Agency for Administrative Information," becoming the first cryptocurrency exchange operator in South Korea to obtain this qualification. The Ministry of the Interior and Safety completed on-site inspections and qualification reviews in May of this year and made the designation decision this month.Dunamu plans to use this system for user identity verification (KYC), reducing the process of users repeatedly submitting proof materials by accessing relevant administrative information, thereby improving the efficiency of account opening and account verification.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately $1.446 billion, an increase of 138.2% compared to the previous 24 hours.The top five trading pairs by trading volume are: XRP/KRW (accounting for 20.16% of the trading volume, with a transaction amount of approximately $338 million); BTC/KRW (accounting for 12.09% of the trading volume, with a transaction amount of approximately $203 million); USDT/KRW (accounting for 11.57% of the trading volume, with a transaction amount of approximately $194 million); ETH/KRW (accounting for 6.89% of the trading volume, with a transaction amount of approximately $116 million); PROM/KRW (accounting for 5.31% of the trading volume, with a transaction amount of approximately $89.18 million).