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coinone

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Crypto exchange Coinone fined, hit with business suspension over customer verification, unregistered partner issues

Crypto exchange Coinone was fined 5.2 billion won ($3.49 million) and faces a three-month partial business suspension over lapses in customer verification obligations and transactions with unregistered partners.

2026.4.13

Upbit office in Gangnam, southern Seoul [NEWS1]

Cryptocurrency market detailed by the KoFIU for the first time

The capitalization of cryptocurrencies traded on Korea's crypto exchanges was 55.2 trillion won ($46 billion) as of Dec. 31 last year, higher than the market caps of most listed companies.

2022.3.2

Most popular

CODE CEO Cha Myung-hoon, also the CEO of Coinone, speaks during a press briefing held Wednesday. [BITHUMB]

CODE, 'travel-rule' system for crypto, goes live in January

Cryptocurrency exchanges Bithumb, Coinone and Korbit announced Wednesday they will implement their own "travel-rule" system in January.

2021.12.8

An employee at cryptocurrency exchange Coinone points to the rising prices of bitcoin and other cryptocurrencies at an electronic board at the exchange in Yongsan, central Seoul on Tuesday. Bitcoin prices hit a new record for the first time in roughly seven months on Tuesday, as a single bitcoin is now valued at 82 million won ($70,000). The latest hike was credited to the record-breaking increase of the U.S. futures-based bitcoin ETF that debuted last month. [YONHAP]

Crypto climb

Bitcoin prices hit a new record for the first time in roughly seven months on Tuesday, as a single bitcoin is now valued at 82 million won ($70,000). The latest hike was credited to the record-breaking increase of the U.S. futures-based bitcoin ETF.

2021.11.9

A notice at a cryptocurrency exchange in Seoul on Friday reads it is ending business as it failed to meet requirements set out by the government for it to continue operating beyond Sept. 24. [YONHAP]

Implications of the big crypto deadline, and what comes next

Sept. 24, 2021 will be remembered by some local cryptocurrency fans as doomsday as some 30 exchanges were forced to close and another two dozen became the walking dead with a big chunk of their business now forbidden.

2021.9.25

A screen capture of Dunamu's online homepage [SCREEN CAPTURE]

Dunamu's Upbit becomes first registered cryptocurrency exchange

The Financial Services Commission (FSC) announced Friday night that Dunamu, operator of cryptocurrency exchange Upbit, is the first virtual asset service provider to complete registration with the government.

2021.9.17

Bithumb, Coinone, Korbit secure real name account deals

Major cryptocurrency exchanges Bithumb, Coinone and Korbit all appear to have reached deals with banks that will allow them to survive beyond the Sept. 24 deadline.

2021.9.8

Partners seem to be aligning for crypto exchanges

The country's major cryptocurrency exchanges -- Bithumb, Coinone and Korbit -- are likely to extend their partnerships with banks soon, which would give them a way to survive beyond Sept. 24.

2021.9.7

3 crypto exchanges form company to combat money laundering

Bithumb, Coinone and Korbit announced Tuesday that they have established a corporation that will help them abide by the so-called travel rule, an anti-money laundering standard.

2021.8.31

Prices of cryptocurrencies are displayed at a digital screen at Coinone's customer service center in Yongsan District, central Seoul, last week. Bitcoin is traded at around $48,000 as of 2:30 p.m. Monday according to CoinMarketCap. [YONHAP]

Upbit, No. 1 locally and No. 2 globally, attracts young traders

Upbit is by far the largest cryptocurrency exchange in Korea and the second largest globally in terms of trading volume.

2021.8.30