UPbit exchange is a South Korea cryptocurrency exchange. UPbit was launched on October 24 in the year 2017 with the support of Bittrex. It is a well-known American cryptocurrency exchange. They both come forward as the partner in the year 2017. Sirgoo Lee was appointed as the CEO of Dunamu on Dec 21 the same year, Dunamu is UPbit exchange parent company. Likewise, Chi-Hyung Song was assumed to be in the role of chairman of the exchange company. Chi-Hyung song is the founder and CEO of South Korea exchang parent company Dunamu. SUCCESS OF UPBIT After just 2 months of his launch. UPbit exchange started making a great success in the crypto space and also became the top global cryptocurrency in terms of the 24-hours trading volume. In the year 2018 UPbits exchange office has been raided as the part of a fraud probe. The expedition of the exchange started late in 2018 in southern Asia. In October 2018 the exchange was successfully launched in Singapore. Three of the UPbit exchange official also intended for allegedly making some fake offers. To the response to which the UPbit exchange simply denied the allegations. It also became the first crypto space exchange in December 2018. To receive the Certification for information security management system by the Korean internet and security agency. Moreover, UPbit exchange is also recognized as a BTI (Blockchain Transparency institute) verified exchange. The South Korea exchange company ranked 3 all over the globe and 1st in South Korea in terms of 24 hrs trading volume. Moreover, it is also known as the cleanest crypto exchange in BTI’s global ranking. Sadly on last November, it was hacked and in causality, UPbit has lost around $49 million USD worth of Ethereum.
TheCoinRepublic is a leading Bitcoin, blockchain, Cryptocurrency, and altcoin News Provider. A one-stop solution for information and news related to Cryptocurrency. Writers on TheCoinRepublic follow ethical and creative standards to provide impartial news and most insightful content for our readers. You want to read more about us. You can reach us via the following contact details.