Upbit Surpasses 100 Corporate Clients

Dunamu, the operator of the virtual asset exchange Upbit, announced on August 18 that it has attracted 100 corporate clients capable of converting virtual assets into cash.

According to the 'Roadmap for Corporate Participation in the Virtual Asset Market' released by the Financial Services Commission and related authorities, law enforcement agencies, non-profit corporations, and virtual asset exchanges that meet the set criteria are now permitted to sell virtual assets for cash conversion purposes.

In line with the legislative trends, Upbit responded proactively and became the first in the industry to secure 100 corporate clients. In doing so, it not only set the standard for the corporate market but also established itself as the first domestic virtual asset exchange to serve all three types of corporations as clients.

Notably, leading organizations in each field, such as the Prosecutors' Office, Community Chest of Korea (SaranguiYeolmae), and Coinone, have chosen Upbit, further demonstrating its credibility.

Upbit was quick to establish corporate KYC (Know Your Customer) procedures and anti-money laundering systems, and also rapidly prepared for the complex and stringent corporate screening process, enabling it to respond immediately to regulatory and market changes.

As a result, Upbit has secured a stable leadership position not only among individual investors but also in the corporate market, under a sophisticated regulatory compliance system built on its unrivaled technological capabilities and expertise.

Furthermore, after non-profit corporations were allowed to sell virtual assets on June 1, Upbit successfully supported the first such transaction, earning recognition in the industry for both its execution and technical prowess.

An Upbit representative stated, "Building on our proven leadership in the individual investor market, we are rapidly gaining competitiveness in the corporate investment market as well. We will do our utmost to support regulatory compliance and legal assistance so that corporate clients can participate in the virtual asset investment market with stability, leveraging our technological strength and operational experience."

Meanwhile, Upbit is also working to enhance convenience for corporate clients by operating a dedicated customer center and establishing specialized departments. In addition, Upbit plans to continue expanding its corporate client base through a trust-based partnership with its affiliate bank, K Bank.

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