Dunamu Upgrades 'Upbit' Market Surveillance System

Check Abnormal Price and Volume Changes at a Glance

Virtual asset exchange 'Upbit', operated by Dunamu, announced on the 5th that it has added a market trend monitoring function to the 'Upbit Market Oversight (UMO) system.'

Dunamu established a dedicated market oversight team composed of experts ahead of the enforcement of the Act on the Protection of Virtual Asset Users. Subsequently, it developed UMO, the first in Korea, implementing order and quote information matching to monitor unfair trading such as price manipulation.

Recently, Dunamu upgraded UMO by adding a dashboard function that allows users to view market trends at a glance. This enables immediate and swift confirmation of various key clues necessary for detecting unfair trading activities.

In particular, the UMO dashboard allows users to quickly identify virtual assets with sudden surges in deposits and withdrawals or significant increases in trading volume, as well as virtual assets experiencing sharp price fluctuations. According to the company, this makes it possible to promptly identify accounts that submit concentrated unfair trading orders such as high-priced purchases or wash trading, or that have large deposits and withdrawals.

The dashboard also enables checking virtual assets that are mainly mentioned at specific times across various virtual asset communities. Thanks to this, it is expected that the latest issues of the relevant virtual assets can be grasped and the circumstances of unfair trading or insider information use can be reviewed.

A Dunamu official stated, “Based on a high understanding of the virtual asset market and technological capabilities, we have built and continuously upgraded UMO. We will continue to do our best to prevent unfair practices to protect investors.”

Meanwhile, UMO is a monitoring system independently developed by Dunamu in the first half of this year that monitors and identifies abnormal transactions 24 hours a day. The systematized procedure includes reviewing suspicious unfair trading items and reporting them to authorities.

This content was produced with the assistance of AI translation services.