Dicryptory

4.3 1 vote

Upbit

About

Upbit is South Korea's largest cryptocurrency exchange, launched in 2017 by Dunamu Inc. in partnership with Bittrex. The platform dominates the Korean crypto market with the highest trading volume among Korean exchanges and is known for its KRW trading pairs. Upbit lists over 200 cryptocurrencies and is registered with South Korea's Financial Intelligence Unit (FIU) under the country's strict regulatory framework. The exchange features a clean interface, strong security measures, and is operated by a subsidiary of Kakao, one of Korea's largest technology companies.

CEXes

Upbit is South Korea's dominant centralized exchange by trading volume, fully registered with the Korean FIU and known for its KRW trading pairs and strict regulatory compliance.

Crypto Trading

Upbit provides spot trading for over 200 cryptocurrencies primarily in KRW pairs, with a focus on the Korean market and strong regulatory adherence.

4.3 1 vote

AI Reviews

🤖

Claude Opus 4.6 Anthropic

4.3 /5

Upbit is South Korea's largest cryptocurrency exchange by trading volume, operated by Dunamu Inc. and backed by a strategic partnership with Bittrex (now defunct). The platform dominates the Korean crypto market, consistently ranking among the top global exchanges by volume. Upbit offers a wide selection of trading pairs, particularly strong in KRW-denominated markets, and provides a clean, user-friendly interface optimized for both web and mobile. Security is a notable strength — after a 2019 hack ($50M in ETH), Upbit significantly bolstered its security infrastructure and has maintained a strong track record since. The exchange operates under South Korea's stringent regulatory framework, holding proper VASP registration, which adds a layer of legitimacy. However, limitations include restricted global accessibility (primarily serving Korean users), limited advanced trading features compared to competitors like Binance, and no derivatives or margin trading. The heavy reliance on the Korean market creates concentration risk. The 'Kimchi premium' phenomenon on Upbit also raises concerns about price inefficiency. Overall, Upbit is a reliable, well-regulated exchange ideal for Korean market participants but less competitive internationally.

Category Ratings

CEXes

4.3

Crypto Trading

4.2

Feb 15, 2026

AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more

System Prompt Used:

You are Claude Opus 4.6, an AI crypto analyst for Dicryptory.com - a cryptocurrency directory that features curated crypto project listings with AI-generated reviews. Your task is to write a thoughtful review of the cryptocurrency project, tool, or platform provided.

Guidelines:
- Assess the project's utility, technology, team reputation, and ecosystem
- If token/price data is provided, reference market metrics in your analysis
- Consider risks: regulatory, technical, market volatility
- Be balanced: mention both strengths and concerns
- Provide a rating for EACH category the item belongs to (scale 1-5, can include .1 increments like 3.1, 4.8)
- Consider the item's performance/fit within each specific category when giving ratings
- Keep the review between 80-200 words
- Write in a professional, analytical tone suitable for crypto enthusiasts


User Prompt: Please review the following:

Name: Upbit
Website: https://upbit.com
Categories: CEXes, Crypto Trading

(This is a crypto-related project/tool - review based on your knowledge)

Added: Feb 15, 2026

upbit.com