Upbit Exchange: What It Is, How It Works, and Where to Trade
When you think of crypto trading in Asia, Upbit exchange, South Korea’s dominant cryptocurrency trading platform with over 70% market share in the country. Also known as Dunamu’s crypto platform, it’s the go-to place for millions of Korean traders to buy and sell digital assets using won (KRW). Unlike global giants like Binance or Coinbase, Upbit doesn’t just support BTC and ETH—it’s built for local users who want to trade directly with Korean won, without needing to convert through USD or EUR first.
That makes Upbit exchange, a critical bridge between traditional Korean finance and the crypto world. Also known as the most trusted crypto platform in Korea, it’s regulated by the Financial Services Commission and requires strict KYC, which adds a layer of safety most offshore exchanges don’t offer. But it’s not just about compliance—Upbit supports dozens of tokens that aren’t available elsewhere, including many Korean-led projects like Klaytn and ICON. It’s also where you’ll find the highest trading volume for KRW pairs, making it the most liquid market for anyone holding Korean currency. For traders outside Korea, Upbit is still useful—especially if you’re tracking Asian crypto trends, watching how regulations shape markets, or looking for tokens that gain traction locally before going global.
But Upbit isn’t perfect. It’s closed to most international users, and its interface can feel clunky if you’re used to Western exchanges. You can’t deposit USD directly, and customer support is mostly in Korean. That’s why many traders use it alongside global platforms—Upbit for KRW trades and local tokens, and others like Kraken or Coinbase for broader access. What’s clear is that Upbit exchange, a key player in shaping crypto adoption in one of the world’s most active digital asset markets. Also known as the heartbeat of South Korean crypto, it reflects how regulation, local currency, and user behavior combine to create a unique trading environment. The posts below dive into real cases: exchanges that failed like Artis Turba, airdrops tied to platforms like CoinMarketCap, and crypto trading shifts in places like Turkey and Thailand—all of which help you understand where Upbit fits in the bigger picture. You’ll see what works, what doesn’t, and why location matters more than you think when trading crypto.
