Experienced approximately 80% decline in daily average trading volume in 2025 compared to 2024.

Listed on OSL Hong Kong in December 2025.

Approved Grvt as a VASP (Virtual Asset Service Provider), enabling secure asset transfers within the Upbit ecosystem.

Limited to spot trading only due to South Korea's regulatory environment, with derivatives and futures prohibited for retail traders, contributing to approximately $110 billion in capital outflows from domestic exchanges to offshore platforms in 2025.

Lists XAUT trading pairs against KRW, BTC, and USDT.

Suspends all services on January 1, 2026 for scheduled server maintenance and routine asset audit.

Suspended FLOW token trading on December 27-28, 2025, following a security exploit on the Flow blockchain that resulted in approximately $3.9 million in drained assets.

Lists ZKP trading pairs against KRW, BTC, and USDT.

Will require stablecoin issuers to have a corporate entity in Korea to be listed on the exchange, according to a planned Korean government crypto bill.

Listed SEI token since 2023.

HumidiFi (WET) lists on Upbit on December 15 at 18:30 KST with KRW, BTC, and USDT trading pairs. HumidiFi is a Solana-based decentralized trade execution layer.

South Korean police requested Binance to freeze 470 million KRW in Solana tokens stolen from the hack, but Binance froze only 17% (80 million KRW) after a 15-hour delay, citing verification needs.

Upbit completes wallet system adjustment, increasing cold wallet storage to 99% and reducing hot wallet storage to 0% following the recent hack, exceeding South Korea's 80% regulatory requirement for cold storage.

Plume Network lists on Upbit with Korean won trading pair on November 26 and subsequently lists on Coinbase on December 9.

Upbit listed the $IN token from Infinit Labs in November, and the token price increased over 121%.

Korean lawmaker reveals Upbit took 6 hours to report the November 27 hack to regulators after discovering abnormal trading at 4:42 AM, while hackers stole over 104 billion Solana tokens worth 44.5 billion Korean won in 54 minutes, and current laws lack direct penalties for virtual asset service providers regarding hacking incidents.

South Korea's bank-level liability framework for crypto exchanges includes fines up to 3% of revenue for security failures and tougher IT standards requirements.

South Korean police launch a formal probe into the $30 million Upbit hack amid allegations of delays.

South Korea will impose bank-level liability on crypto exchanges, requiring them to repay users for hack losses even when not at fault, following the Upbit hack.

Upbit's website experiences downtime, with reports linking the outage to Cloudflare infrastructure issues.

Deposits and withdrawals for 33 assets across 21 networks resume December 5 at 17:00 KST, with all old deposit addresses deleted and users required to generate new ones before depositing.

Upbit turns a profit in the aftermath of the $36M hack using fence pumping methods.

Naver completes USD 10.3 billion acquisition of Dunamu, the operator of Upbit, in November 2025.

South Korean authorities suspect the Lazarus Group is behind the $36M hack.

Upbit completes $10.30B fundraising round, ranking as the largest crypto fundraising last week.

A hacking probe deadline is set for December 5.

A hack results in the theft of nearly $2 million worth of $TRUMP tokens.

A post-hack audit discovers an internal wallet flaw that could expose private keys, though the connection to the $30M breach remains unclear.

Dunamu's CEO Oh Kyung-seok issues a public apology over the 44.5B KRW hack.

The exchange reimburses users affected by the hack. Attackers launder stolen funds through Railgun privacy protocol.

Naver and Upbit announce a $7 billion investment into AI and blockchain development.

Attackers convert stolen Solana tokens into USDC while authorities conduct an on-site probe. Exchange moves remaining funds to cold storage following the breach.

Investigators trace the $30 million breach to Lazarus Group, confirming attribution of the attack.

Attackers inferred private keys by analyzing wallet address patterns according to official statement. Total affected assets reach 44.5B KRW (38.6B user funds, 2.3B frozen, 5.9B company loss) with tokens trading at 10%+ premiums and Solana ecosystem tokens at 50%+ premiums 24 hours after the exploit.

South Korean authorities investigate whether North Korea's Lazarus Group orchestrated the attack using hopping and mixing methods on the hot wallet, with both deposits and withdrawals suspended.

KakaoBank begins developing its won-pegged stablecoin, entering competition with Naver/Dunamu's planned stablecoin platform in South Korea's digital finance sector.

CEO Oh Kyung-seok publicly confirms the breach and apologizes, committing to full user reimbursement from company reserves. The hack occurred hours before the public announcement of the $10.3B Naver/Dunamu stock-swap merger and six years after Upbit's 2019 breach when 342k ETH was stolen by North Korean hackers.

Upbit revises Solana-related loss to $30.4M with $1.57M frozen; Korea's FSA conducts on-site inspection through December 5.

Withdrawal suspension has disabled arbitrage bots, causing Korean traders to pump altcoins on the platform.

2.3 billion KRW in LAYER tokens frozen on-chain following the hot wallet compromise, with cold wallets confirmed unaffected.

Dunamu (parent company) and Naver plan to invest 10 trillion KRW (~$6.8B) over the next five years to build AI and blockchain-based financial infrastructure and issue a KRW-pegged stablecoin. The hack affected 23 specific Solana-based tokens including SOL, BONK, JUP, RENDER, USDC, TRUMP, PYTH, JTO, and 15 others.

Upbit officially discloses unauthorized transfer of approximately $36-40M (54 billion KRW) in Solana network assets to unknown wallet at 04:42 KST on November 27. Exchange suspends all deposits and withdrawals and commits to full coverage of losses from company holdings.

Hot wallet appears compromised according to on-chain analysts.

Upbit lists PLUME/KRW trading pair. Plume is a full-stack blockchain for real-world asset finance with native DeFi integration.

Dunamu receives $25 million fine and 3-month new user onboarding suspension from FIU for alleged AML/KYC violations. Dunamu considers appealing the sanctions.

Naver Financial announces launch of local stablecoin wallet in connection with the Upbit merger. Upbit records $327M in daily trading activity, ranking first among major exchanges.

Industry expects a 1:3.3 merger ratio between Dunamu and Naver Financial for the stock-swap acquisition.

$MON listing shows ~$12M in 5-minute trading volume with volumes at record lows and 10-20% arbitrage gaps observed between exchanges.

Merger with Naver Financial forms a ~$13.8B group with markets expecting valuation above $34B following Nasdaq listing.

Plans to pursue NASDAQ IPO following merger acquisition according to Bloomberg. Lists MON (Monad Layer-1 blockchain) with KRW, BTC, and USDT trading pairs.

Korea Financial Intelligence Unit fines Dunamu (the operator) 35.2 billion KRW ($24.35 million), with similar penalties expected for other Korean exchanges (Korbit, Gopax, Bithumb, and Coinone) by first half of next year.

Naver schedules board meeting for formal confirmation of Dunamu acquisition through full equity swap via Naver Financial, with Dunamu board meeting set for November 26 to finalize details and plans to jointly launch a KRW stablecoin project and digital financial services post-integration.

RedStone launches the first Push oracle on GIWA testnet (Upbit's Layer 2 network), providing ETH/USD and BTC/USD price feeds for builders on the L2.

Upbit lists MET2 (Meteora token) on Nov 18, 2025 at 17:00 KST opening KRW, BTC, and USDT markets, with concurrent listings across Binance, OKX, Bybit, Bithumb, Gate, and Kraken.

SynFutures ($F) lists on Upbit KRW market as a secondary listing.

A new report discusses Naver's bid for Upbit to build Korea's next generation super app.

Upbit's operator Dunamu posts $165M in Q3 profit, up over 300% YoY.

Chinese crypto community identifies Upbit offer claims as common scam language alongside other fraudulent marketing phrases like "30% monthly returns" and "eternal bull market."

Upbit records the lowest growth rate (-1%) among major exchanges in October while overall spot trading volume across CEXs increases 36%.

South Korea fines Dunamu, Upbit's operator, $24.35 million in regulatory action.

INFINIT ($IN) lists on Upbit and Bithumb in October, opening access to South Korea's $4B+ daily trading market.

SynFutures lists on UpBit and Binance, with community call scheduled for November 7, 2025 at 2 PM UTC to discuss the listings and Q4 roadmap.

Average daily trading volume falls 80% to $1.78 billion in November 2025 from $9 billion in December 2024, with volumes declining for four consecutive months.

Trader identifies historical pattern where all @buidlpad launchpad projects (Momentum, Falcon, Lombard, Solayer, Sahara AI) listed on exchange, and predicts $AIRA as next potential listing based on this pattern.

Upbit lists KERNEL with KRW trading pair.

Upbit lists TRUST trading pairs with KRW, BTC, and USDT according to official announcement.

Momentum (MMT) lists on Binance and Bithumb, with Bithumb offering a KRW trading pair not available on the existing Upbit listing.

Momentum (MMT) receives trading support on Upbit with BTC and USDT trading pairs.

KITE faces allegations of suspicious activity patterns similar to ZBT, where 4 million tokens transferred from BSC bridge through OrangeX to new accounts to meet listing liquidity requirements and enable insider dumping.

Upbit lists Kite (KITE) with KRW, BTC, and USDT trading pairs.

Ethereum Fair (ETHF) withdrawal services temporarily suspended on the exchange.

Dunamu and Upbit host an APEC CEO Summit event in Gyeongju-si, South Korea, featuring keynote discussions on stablecoins, programmable money, and DeAI.

Upbit adds KERNEL to its KRW market with trading set to open at 16:30 local time.

Upbit announces changes to the distribution schedule for LAYER (Solayer) token.

CELO deposit and withdrawal services temporarily suspended on Upbit.

SynFutures demonstrates strong trading volume on Upbit following its listing and rises approximately 100% within one day.

INFINIT partners with Google and Google Cloud to integrate its DeFi agent infrastructure via Google's A2A standard and Agent Payments Protocol (AP2), connecting to financial rails including Mastercard, PayPal, Coinbase, and Revolut. $IN secures KRW pair listing on Bithumb and integrates with Binance Wallet, providing 280 million users access to INFINIT's Agentic DeFi layer.

Upbit launches $F TOP Trading Event from October 24-27 with 30M $F in rewards for top traders on the F/KRW pair.

$CPOOL token goes live on Upbit and Bithumb, South Korea's two largest exchanges. $CPOOL/USDT futures trading launches on Bitget with up to 20x leverage.

UpBit partners with Surf_Copilot, an AI crypto copilot platform that crosses 50k users and launches mobile app.

Upbit lists ORDER token with KRW trading pair and INFINIT token on its exchange.

Meteora's $MET token launches with simultaneous listings on Upbit, Coinbase, Binance, Bitthumb, and OKX on TGE day.

Clearpool launches a buyback program for $CPOOL token.

The exchange distributes 7th round of IOST airdrops to IOST holders.

Whale known as "Mr. 100" bought the dip on the Korean exchange.

Upbit temporarily suspends IOTA deposits and withdrawals.

Upbit lists CPOOL (Clearpool) trading pairs against KRW, BTC, and USDT; Bithumb also announces listing of CPOOL/KRW trading pair.

Trading volume across Korean exchanges including Upbit drops 66% to 4.2739 trillion KRW since the April 10th market crash, falling to just 18.59% of KOSPI's daily trading volume as of April 20th.

Upbit announces listing of SynFutures (F) token with KRW and USDT trading pairs on the exchange.

Ethena announces integration with Upbit, Binance, and Kraken as part of their recent expansion that grew TVL from $5B to $15B over 3 months.

Surf Copilot collaborates with Upbit to provide enhanced crypto research tooling for the exchange's user base.

Korean Financial Services Commission and Fair Trade Commission conduct joint anti-monopoly investigation targeting Upbit and Bithumb's market dominance, with research expected to complete in December 2025; second phase virtual asset bill announced on October 20th shifts exchange listing oversight from self-regulation to public regulation and includes stablecoin regulatory framework expected within the year.

New rules for Upbit listings are expected to be implemented soon, which may affect the exchange's current listing process and market dynamics.

Upbit announces BIO Protocol listing with trading pairs against KRW, BTC, and USDT.

Binance receives approval to acquire GOPAX and return to the Korean crypto market dominated by Upbit and Bithumb, following a two-year regulatory review process.

ZeroBase ($ZBT) confirms listings on Binance and Upbit ahead of its Token Generation Event, with pre-market volume up 2,442.6% in 24 hours.

Upbit announces ZORA listing with trading pairs against KRW, BTC, and USDT. Zora is a social Web3 platform.

All Buidlpad projects get listed on Upbit, with MMTFinance expected to follow this pattern after its upcoming Buidlpad sale concluding October 22.

FTX filed a $53.4M lawsuit against Dunamu/Upbit in November 2024 for assets held on the exchange, with allegations that Korean accounts on Upbit received special privileges from Alameda Research including unlimited credit lines connected to FTX's $8bn shortfall. Dunamu failed to fully disclose this lawsuit while pursuing a merger with Naver.

$PROVE token remains listed on Upbit as the only privacy-related/ZK infrastructure token following the exchange's delisting of XMR and ZEC, maintaining its position as a compliant general-purpose ZK infrastructure token accessible to Korean investors.