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Volume (24h)
$15,396,292,311
152,377 BTC 4.73%
Exchange Score
Cryptocurrencies
222
Markets
402
Our Score
6.0

Upbit Statistics

Upbit Volume
$15,396,292,311.13
Volume in BTC
152,377 BTC
Volume Change 24h
-$728,244,626.32
4.73%
Cryptocurrencies
222
Markets
402
Market Dominance
3.81%
Market Rank
#26
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Upbit Exchange Overview

Upbit is a Centralized exchange that ranks #26 on BitDegree Exchange Tracker. Upbit has a trading volume of $15,396,292,311 in the last 24 hours and $1.64T in the last 7 days.

Upbit currently has 222 cryptocurrencies, 1 fiat currencies and 402 markets (cryptocurrency trading pairs). The most popular trading pair on Upbit is XRP/KRW.

Read the full expert review of Upbit reported here: Upbit Review.

Compare Upbit side-by-side with other exchanges here: Exchange Comparison Tool.

Upbit is a centralized cryptocurrency exchange (CEX). Established in South Korea, it offers spot markets for individual and corporate traders. The platform is KYC-compliant and follows anti-money laundering (AML) regulations.

The Upbit cryptocurrency exchange services are available in 40 markets, including South Korea, Singapore, Indonesia, and Thailand. Some or all services may vary in different regions. The Upbit spot market is unavailable to US-based customers.

Markets

There are three key markets for the Upbit spot traders:

  • Fiat markets: supporting the purchases and sales of digital assets via fiat currencies like SGD and KRW;
  • Bitcoin (BTC) markets;
  • Tether (USDT) markets.

There are over 170 coins and tokens listed on the exchange. Some assets may not be available to traders in regions where local regulations apply. Overall, customers can access more than 280 Upbit trading pairs. The exchange supports crypto-crypto and fiat-crypto trading.

The minimum Upbit crypto price movements, or ticks, vary in the three markets. In BTC and USDT markets, the tick size remains the same regardless of the asset price and is set to 0.00000001 BTC and 0.001 USDT, respectively. The fiat tick size ranges are separated by the price of the digital asset used in the trade.

The Upbit exchange fees use a maker-taker model to calculate the rates. The minimum required order amount depends on the chosen market:

  • Fiat markets – 0.5 SGD
  • BTC markets – 0.0005 BTC
  • USDT markets – 0.0005 USDT

Customers' 30-day Upbit volume is not taken into account for fee calculations. You can place limit, stop-limit, or market orders. The Upbit crypto exchange may offer event discounts on the order rates. The fee data is calculated daily and adjusted to the Upbit crypto price as needed.

For limit and market orders, the maker/taker fees are 0.25% in all markets. However, the Upbit crypto price fees can be discounted to 0.2% in BTC and USDT markets. The fees on stop-limit orders are 0.2% for BTC and USDT markets and 0.25% for fiat markets.

The platform supports deposits and withdrawals of more than 40 fiat and crypto assets. There are no Upbit crypto fees on deposits. The withdrawal limit and fees are based on the customer's verification level, as well as the chosen digital currency. Lightning transfers between Upbit accounts are free.

About the Company

Upbit crypto exchange was founded in South Korea in October 2017 and is operated by its parent company Dunamu. Upbit's headquarters are in Seoul. Song Chi-Hyung is considered the company founder.

Within three months from its launch in January 2018, Upbit was considered the biggest cryptocurrency exchange in South Korea. It was reported that the 24-hour Upbit trade volume averaged at more than 4.9 trillion won, or roughly $4.7 billion.

In November 2018, the Upbit crypto exchange became the first such platform in the country to be approved by ​​South Korea's Internet and Security Agency (KISA). The key criteria were annual revenue and security infrastructure.

The company started its global expansion in 2018 by launching its operations in Singapore. In January 2019, the exchange entered the Indonesian market, and two years later, it became available in Thailand.

In September 2021, the Upbit cryptocurrency exchange was valued at $8.7 billion. The parent company Dunamu is considered one of the biggest tech unicorns in South Korea.

In 2022, following changes in the South Korean digital asset regulations, the Upbit crypto exchange published its token listing procedure. This details the steps that the platform takes to list and delist new assets on the Upbit spot market.

Song Chi-Hyung is the founder and Chairman of Upbit and Dunamu. He has a Bachelor's degree in Computer Science and Economics from Seoul National University. Until 2017, he acted as the CEO of Dunamu. Song was selected as one of Fortune's Ledger 40 Under 40 in 2018.

Lee Sirgoo is the CEO of Dunamu. He studied East Asian History at Seoul National University and later acquired his legal qualification at Lewis & Clark Law School. Lee previously worked as a legal advisor for IBM Korea and is the former CEO of companies like NHN USA and Kakao Corporation.

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Upbit Markets' Analysis

Analysis of Upbit Markets reveals that the Top pairs traded on the exchange are XRP/KRW, DOGE/KRW, BTC/KRW, SAND/KRW, SHIB/KRW. The total sum of combined volumes show that the market dominance of the Top5 pairs on Upbit exchange is 46%. In monetary value, it’s currently worth $7,116,771,764. If we look at the chart, it’s clear that the most dominant trading pair on Upbit is XRP/KRW, which has a price of $2.40, volume of $3,070,414,457 & a dominance rate of 20%.

Upbit Markets
# Base Currency Quote Currency Name Price Volume Volume % Updated
1 XRP XRP South Korean Won KRW XRP/KRW $2.40 $3,070,414,457 19.94 % Recently
2 Dogecoin DOGE South Korean Won KRW DOGE/KRW $0.4393 $1,641,594,887 10.66 % Recently
3 Bitcoin BTC South Korean Won KRW BTC/KRW $100,503.64 $1,326,263,473 8.61 % Recently
4 The Sandbox SAND South Korean Won KRW SAND/KRW $0.9298 $600,003,473 3.90 % Recently
5 Shiba Inu SHIB South Korean Won KRW SHIB/KRW $0.0000312 $478,495,474 3.11 % Recently

Upbit Markets

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# Base Currency Quote Currency Name Price Volume Volume % Updated


Upbit Popularity Metric Analysis

By analyzing Upbit social media signals, you can instantly see how active, community-involved and popular the company is. Looking at Upbit X statistics, it’s clear that the brand has 39,220 followers, which is considered to be a quite small follower base. On the other hand, Upbit is following 55 X accounts. It’s important to note that Upbit has posted 461 tweets since it joined X on Jan 14, 2019, which shows the brand’s level of involvement and proactiveness.

Upbit currently has 582,749 monthly organic visitors to its website, which is quite a medium amount of traffic. The company’s Ahrefs Rank is 44,996, and the Website Domain Rating is 74 - both of these metrics are deemed as very good.

Our Score
6.0

Upbit Statistics

Upbit Volume
$15,396,292,311.13
Volume in BTC
152,377 BTC
Volume Change 24h
-$728,244,626.32
4.73%
Cryptocurrencies
222
Markets
402
Market Dominance
3.81%
Market Rank
#26

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