Welcome to Crypto market(Korean Won) in Korea

Crypto Exchange in South Korea

Crypto currency exchange in South Korea with my review

Upbit

Website: https://upbit.com/

• Upbit is a South Korean cryptocurrency exchange founded in 2017.
• Korea's largest crypto exchange
• Almost monopolizes the Korean market
• High liquidity and smooth transactions. Largest trading volume in Asia
• Handles the largest number of coins
• Upbit Global is also expanding overseas, operating in Thailand, Indonesia, and Singapore.
  Thailand Crypto Market
  Indonesia Crypto Market
  Singapore Crypto Market
• Stable management by Dunamu, a well-known KakaoTalk company

Bithumb

Website: https://www.bithumb.com/

Twitter: @BithumbOfficial

• South Korea's second largest cryptocurrency exchange
• Established in 2014 and has a longer history than Upbit
• Over 8 million registered users
• Cumulative trading volume exceeds 1 trillion USD
• A global company with operations overseas and well-known worldwide

Coinone

Website: https://coinone.co.kr/

Twitter: @CoinoneOfficial

• South Korea's third largest cryptocurrency exchange
• Established in 2014, well-known as a long-established exchange
• Upbit, Bithumb have had major hacking incidents, Coinone has not. High level of security

Korbit

Website: https://www.korbit.co.kr/

Twitter: @korbit_official

• Korea's 4th largest cryptocurrency exchange
• The oldest exchange in Korea, founded in 2013
• Owned by Nexon Holdings (the world's leading online gaming company)

Huobi Korea

Website: https://www.hb.co.kr/en-us/

Twitter: @huobi_korea

• Korean brand developed by the world's top Huobi Global
• Low transaction volume and small presence
• Huobi has opened exchanges around the world in local markets, but has not gained market share in Korea
• Huobi is also operating in Japan,India and Indonesia
  Japanese Crypto Market
  India Crypto Market
  Indonesia Crypto Market

GOPAX

Website: https://www.gopax.co.kr/

Twitter: @GOPAX_kr

• Korean Exchange established in 2017
• Never been a victim of hacking before, very high level of security

History of Crypto in South Korea

July 5,2013

Korbit, Korea's Oldest Cryptocurrency Exchange, Established in Seoul

2014

Leading Korean Exchange Bithumb Established

2017

Upbit, Korea's Largest Exchange, Established

South Korea's cryptocurrency market is in a frenzied bubble, with bitcoin and other cryptocurrencies trading at prices 20% higher than the global market

Said to be a "kimchi premium", leading the global cryptocurrency market as well as Japan's

2018

Terraform Labs, known for Lunna and UST, founded by Do Kwon and Daniel Shin in Seoul, Korea

September - December, 2018

South Korean government agencies, the Ministry of Science, Technology and Information Technology, the Korea Internet Promotion Agency, and the Ministry of Planning and Finance, conducted an investigation into the security of cryptocurrency exchanges in South Korea from September to December 2018

The cryptocurrency exchanges that passed the examination were Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea

2019

There is no regulation of Crypto currency exchanges, and as of September 2019, there are over 70 exchanges.

March 5, 2020

South Korea's National Assembly passed a bill to amend the Act on Reporting and Use of Certain Financial Transaction Information, which would require Crypto currency exchanges to be licensed and accounts to have real names.

May 1, 2020

Ki Young Ju founded CryptoQuant in Seoul Korea, a cryptocurrency on-chain data analysis company

2021

The amended law set for 2020 will take effect in March 2021, followed by a six-month grace period for preparation

April ,2022

UST (Terra USD) Surpasses BUSD Supply to Become World's Third Largest Stable Coin in Supply