Upbit

K Bank is shifting towards an AI-driven investment platform and diversifying its services beyond household loans to include corporate banking. The bank's upcoming IPO aims to support these changes, despite concerns about its relationship with UPbit, which has raised fears of a potential monopoly in the market.

Upbit will suspend Filecoin transactions on August 6 for the NV23 upgrade. The suspension aims to ensure a smooth upgrade process, with services expected to resume once completed.

Upbit announced on June 14, 2024, at 12:00 that it supports trading of the new digital asset Ondo Finance (ONDO). Trading limits are set based on CoinMarketCap's market prices.

Upbit于2024年6月14日12:00宣布支持新数字资产Ondo Finance（ONDO）的交易。交易限额是根据 CoinMarketCap 的市场价格设定的。

The Virtual Asset User Protection Act of South Korea will take effect on July 19. Among its provisions, one law mandates that banks entrusted by cryptocurrency exchanges must pay interest on crypto deposits. This law significantly impacts K-Bank, the digital bank entrusted by Upbit, the largest exchange in South Korea.

Upbit halts large transactions due to service suspension by Ten&Ten. Deadline for asset withdrawal: April 22. Reflects market volatility and regulatory scrutiny in South Korea. Bitcoin hits record high amidst ongoing challenges.

Upbit Singapore gains a pivotal MPI license, marking a significant stride in regulatory-compliant digital asset trading in Singapore.

Upbit, a major South Korean crypto exchange, now supports ASTR, leading to a notable rise in its value.

But perhaps because it is always subject to attacks, and with a $50 million exploit in 2019 looming over their heads, Upbit's approach towards security and risk is more prudent than most.

South Korean crypto exchange Upbit granted initial licence approval from the MAS for a major payment institution licence under the Payment Services Act.