Upbit Thailand is the Thai subsidiary of Upbit — South Korea's largest cryptocurrency exchange by volume, operated by Dunamu Inc. and backed by Kakao Group affiliates. Launched in January 2021 as Upbit Exchange (Thailand) Co., Ltd., Upbit Thailand made history by becoming the first exchange to receive all four provisional digital asset licences from Thailand's Securities and Exchange Commission (SEC). With 150+ listed coins, THB fiat support, and staking products offering up to 17% APY, Upbit Thailand brings the scale and liquidity of the global Upbit brand to the Thai retail market.
About Upbit Thailand
Upbit was founded in South Korea in 2017 by Dunamu Inc. and quickly grew to become Korea's leading crypto exchange by trading volume. Kakao Group affiliates hold approximately 21.3% of Dunamu shares, giving Upbit strong corporate backing from one of South Korea's most influential technology conglomerates. Building on this foundation, Dunamu expanded internationally, establishing Upbit Indonesia and Upbit Thailand as regulated subsidiaries in key Southeast Asian markets.
Upbit Thailand's 2020 licensing achievement was a landmark moment — becoming the first exchange to hold all four Thai SEC provisional licences simultaneously: cryptocurrency exchange, digital token exchange, cryptocurrency broker, and digital token broker. This full-spectrum licensing means Upbit Thailand can legally operate every category of digital asset business permitted under Thai law.
Key Facts
| Item | Details |
|---|---|
| Thailand Entity | Upbit Exchange (Thailand) Co., Ltd. |
| Parent Company | Dunamu Inc. (South Korea) |
| Kakao Group stake | ~21.3% of Dunamu shares |
| Thailand Launch | January 2021 |
| Thai SEC Licences | 4 licences (first exchange to achieve all four) |
| Licence Types | Crypto exchange, digital token exchange, crypto broker, digital token broker |
| Listed Coins | 150–192 coins, 287 trading markets |
| Fiat Currency | Thai Baht (THB) |
| Spot Trading Fee | 0.25% (THB pairs), 0.20% (crypto pairs) |
| Staking Yield | Up to 17% APY (ETH, SOL, ADA, ATOM) |
| Liquidity Sharing | Shared with Upbit Korea and Upbit Indonesia (BTC/USDT pairs) |
Key Features
All Four Thai SEC Licences
Upbit Thailand was the first exchange to obtain all four provisional digital asset licences from Thailand's SEC. These cover: (1) cryptocurrency exchange services, (2) digital token exchange services, (3) cryptocurrency brokerage, and (4) digital token brokerage. Holding all four licences gives Upbit Thailand the broadest legal authorisation of any Thai digital asset exchange — enabling it to offer the widest range of regulated services to Thai retail and institutional clients.
150+ Listed Coins
With 150–192 listed coins and 287 trading markets, Upbit Thailand offers significantly more token selection than other Thai SEC-licensed exchanges such as Orbix (28 coins) or Bitkub (80+). The coin selection covers major assets (BTC, ETH, SOL, XRP, BNB, ADA, DOGE) as well as a wide range of mid-cap and emerging tokens, giving traders access to opportunities typically only available on global exchanges.
Cross-Exchange Liquidity
One of Upbit Thailand's structural advantages is shared liquidity with Upbit Korea and Upbit Indonesia for BTC and USDT-based pairs. This means Thai users benefit from the deep order books of Korea's largest crypto exchange — a significant improvement in trade execution quality compared to standalone domestic exchanges with limited liquidity pools.
Staking Products
Upbit Thailand offers staking for a range of proof-of-stake assets, with yields up to 17% APY. Supported staking assets include Ethereum (ETH), Solana (SOL), Cardano (ADA), and Cosmos (ATOM). This feature is uncommon among Thai SEC-licensed exchanges and provides Thai retail users with a meaningful passive income option on top of their trading activity.
Mobile-First Platform
Upbit Thailand is designed as a mobile-first platform, with a clean, intuitive app interface optimised for retail users. Features include real-time price alerts, push notifications for market movements, 24-hour market monitoring, and one-tap deposit/withdrawal flows for THB via Thai bank transfers.
Fee Structure
| Service | Fee |
|---|---|
| THB pair trading | 0.25% |
| Crypto-to-crypto trading | 0.20% |
| THB deposit | Free (bank transfer) |
| THB withdrawal | Free |
| Crypto withdrawal | Network fee (varies) |
| Staking | Free (yield shared with users) |
Upbit Thailand vs Bitkub vs Orbix
| Feature | Upbit Thailand | Bitkub | Orbix |
|---|---|---|---|
| Thai SEC Licences | 4 (all types) | 2–3 | 2 |
| Listed coins | 150+ | 80+ | 28 |
| Trading fee | 0.25% / 0.20% | 0.25% | 0.25% |
| Staking | Yes (up to 17%) | No | No |
| Bank backing | No | SCB (partial) | KasikornBank (97%) |
| Global liquidity | Shared with KR/ID | Local only | Local only |
| Futures | No | No | No |
Pros & Cons
Pros
- First exchange with all 4 Thai SEC licences
- 150+ coins — widest selection among Thai SEC exchanges
- Staking up to 17% APY (ETH, SOL, ADA, ATOM)
- Shared liquidity with Upbit Korea/Indonesia
- Backed by Dunamu (Kakao affiliate)
- Mobile-first, clean user interface
- Free THB withdrawals
Cons
- No bank backing (unlike Orbix/KasikornBank)
- No futures or derivatives trading
- 0.25% spot fee same as Bitkub and Orbix
- THB fiat only (no USD or USDT pairs for spot)
- Lower volume than global exchanges
- Limited advanced order types
Summary
Upbit Thailand is the most feature-complete Thai SEC-licensed exchange for retail investors seeking both regulatory compliance and token breadth. Its unique position as the only exchange holding all four Thai SEC licence types, combined with 150+ listed coins, global liquidity sharing with Upbit Korea, and staking products offering up to 17% APY, makes it the strongest all-round choice among Thailand's regulated exchanges.
While it lacks the bank-level backing of Orbix and the sheer domestic volume of Bitkub, Upbit Thailand's licence completeness, token selection, and cross-border liquidity infrastructure position it as the regulated Thai exchange most comparable to the global standard — built for Thai retail users who refuse to compromise on either compliance or capability.