upbit

Goldman Sachs Global Investment Research Department's South Korea stock analyst Chris Cha stated in a report on September 23 that KOSPI has the conditions for a short-term tactical breakout, but the continuous flow of liquidity from South Korean retail investors into the cryptocurrency market will make the index's subsequent upward movement more reliant on foreign capital and local institutions reconfiguring. The report noted that concerns about the Federal Reserve's interest rates have been partially digested by the market, and risk appetite has shifted towards proxy AI themes.The report pointed out that South Korean memory chips provide fundamental support, with fourth-quarter DRAM contract prices expected to grow double digits quarter-on-quarter, and the ramp-up of HBM4 capacity will continue to limit the supply of standard server DRAM. Samsung Electronics' large shareholder returns, continuous buying by institutions, and foreign capital turning into net buying may drive KOSPI towards the resistance zone of 7000 to 7200 points.The report also indicated that the capacity of local South Korean retail investors to absorb has weakened. After Bitcoin returned to $85,000, cryptocurrency trading in South Korea has heated up. According to DefiLlama data cited in the report, Upbit's single-day spot trading volume on June 13 was approximately $770 million, which rose to $1.817 billion on September 22, an increase of about 136%. Based on the total trading volume of $3.27 billion on that day across South Korea's five major trading platforms, Upbit alone accounted for over half. Goldman Sachs believes this will make KOSPI more reliant on foreign and institutional buying in the future, and October is a critical window to test whether foreign capital will continue to increase its investment in South Korean semiconductor and AI assets.

UPBIT will launch Cash Cat (CASHCAT) trading on September 28 at 17:00, supporting KRW, BTC, and USDT markets. Users need to recharge and withdraw CASHCAT on the Robinhood Chain network.

GIWA official account (@GIWA_by_Upbit) issued a statement clarifying that the project's mainnet has not yet been launched and that RPC has never been online, so there is no risk of any RPC leakage. Users are reminded to do their own research (DYOR) and to be wary of FUD and scam information. It is reported that GIWA is an Ethereum L2 project developed by Dunamu, the parent company of Upbit, based on the OP Stack, aiming to achieve a 1-second block time and be compatible with EVM. It is currently still in the testnet phase.

According to The Block, the trading volume of the South Korean cryptocurrency exchange Upbit increased by 22.4% last week, reaching $9.9 billion, according to its weekly report.The cryptocurrency with the highest trading volume on the exchange last week was XRP, followed by Bitcoin and USDT.

Japan's first licensed yen stablecoin JPYC was launched on September 17 on the South Korean cryptocurrency exchange Upbit. The opening reference price for JPYC/KRW was 8.81 KRW, which later rose to 35.7 KRW, reaching a peak of about 37 KRW, equivalent to over 3 yen.On the same day, 1.687 billion yen of JPYC was minted, and the circulating supply increased from about 1.9 billion yen to over 4.2 billion yen within approximately 48 hours. After the new supply entered the market, the price of JPYC gradually returned to the 1:1 yen peg level.

According to MLM monitoring, DRV experienced unusual activity on Upbit, with a rapid increase of 300% within 10 minutes, briefly reaching 1600 Korean Won (approximately 1.15 USD), but then subsequently fell back.

UPBIT will delist the ICX/KRW trading pair for ICON (ICX) on October 19, 2026, at 15:00. After trading support ends, related orders will be canceled, and services such as airdrops, wallet upgrades, migrations, and hard forks for this asset will no longer be supported. Users must complete asset withdrawals by November 18, 2026.

According to a report by the Korean News Agency, the stock exchange transaction between Upbit's parent company Dunamu and NAVER Pay, a subsidiary of South Korean internet giant NAVER, may have uncertainties. Data disclosed by the Legislative Investigation Office of the Korean National Assembly indicates that the related transaction may simultaneously face the minimum shareholding ratio for subsidiaries stipulated by the Fair Trade Act, as well as the maximum shareholding ratio limit for major shareholders of virtual asset exchanges.Currently, NAVER Pay does not seem to belong to a holding company, but if it becomes a holding company in the future and includes the exchange as a subsidiary, there may be a situation where two conflicting shareholding standards apply simultaneously, necessitating an adjustment of the governance structure. The Korean Fair Trade Act stipulates that a holding company's shareholding ratio in listed subsidiaries must not be less than 30%, and for non-listed subsidiaries, it must not be less than 50%; for venture capital holding companies, it is 20%. Additionally, the second phase of discussions on South Korean virtual asset legislation also involves setting a shareholding limit for major shareholders of exchanges to reduce the concentration of control and the risk of conflicts of interest among specific shareholders.

UPBIT will support PayPal USD (PYUSD) and JPY Coin (JPYC) trading pairs with KRW, BTC, and USDT at 12:00 on September 17. Users should note that only deposits and withdrawals on the Ethereum network are supported.

According to a report by Yonhap News Agency, the stock swap transaction between Upbit's parent company Dunamu and a subsidiary of South Korean internet giant NAVER may have uncertainties. Data disclosed by the Legislative Investigation Office of the National Assembly of Korea shows that the related transaction may simultaneously face the minimum shareholding ratio for subsidiaries stipulated by the Fair Trade Act, as well as the maximum shareholding ratio limit for major shareholders of virtual asset exchanges.Currently, NAVER Pay does not seem to belong to a holding company, but if it becomes a holding company in the future and includes the exchange as a subsidiary, there may be a situation where two conflicting shareholding standards apply simultaneously, thus requiring adjustments to the governance structure. The Fair Trade Act of Korea stipulates that a holding company must hold at least 30% of the shares in listed subsidiaries and at least 50% in non-listed subsidiaries; for venture capital holding companies, the requirement is 20%. The second phase of discussions on South Korean virtual asset legislation also involves the maximum shareholding limit for major shareholders of exchanges to reduce the concentration of control and the risk of conflicts of interest among specific shareholders.

Circle's euro stablecoin EURC compliant with MiCA is now live on the South Korean exchange Upbit, covering KRW, BTC, and other markets, providing Korean users with a more convenient access channel.Circle is the issuer of the US dollar stablecoin USDC, and EURC is its euro stablecoin. Upbit is one of the major cryptocurrency exchanges in South Korea.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately 1.02 billion USD, a decrease of 18.27% compared to the previous 24 hours.The top five trading pairs by trading volume are: XRP/KRW (trading volume share 9.02%, transaction amount approximately 95.15 million USD); VTHO/KRW (trading volume share 6.42%, transaction amount approximately 67.68 million USD); BTC/KRW (trading volume share 6.3%, transaction amount approximately 66.45 million USD); BFC/KRW (trading volume share 6.08%, transaction amount approximately 64.09 million USD); USDT/KRW (trading volume share 6.05%, transaction amount approximately 63.77 million USD).

UPBIT will stop trading support for Ravencoin (RVN) on October 12, 2026, at 15:00. The affected trading pairs include RVN/KRW, RVN/BTC, and RVN/USDT. Users must complete the withdrawal of RVN by November 11, 2026.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately 1.254 billion USD, an increase of 194.55% compared to the previous 24 hours.The top five trading pairs by trading volume are: IOST/KRW (trading volume share 7.58%, transaction amount approximately 97.67 million USD); XRP/KRW (trading volume share 7.08%, transaction amount approximately 91.13 million USD); USDT/KRW (trading volume share 5.33%, transaction amount approximately 68.68 million USD); VTHO/KRW (trading volume share 5.11%, transaction amount approximately 65.77 million USD); BTC/KRW (trading volume share 4.91%, transaction amount approximately 63.29 million USD).

UPBIT will start supporting the KRW and USDT trading markets for Bifrost (BFC) at 13:45 on September 10. Please note that within approximately 5 minutes after trading support begins, buy orders will be restricted, and the minimum selling price will be limited to below 10% of the previous day's closing price. Additionally, within approximately 2 hours after trading support begins, all order types except limit orders will be restricted.

UPBIT will launch the USDT trading pair for Renzo (REZ) on September 10 at 15:00. Users need to complete the deposit within 1 hour and 15 minutes after the announcement is released. Trading supports the Ethereum network.

UPBIT will launch the BTC and USDT trading pairs for HEMI and USELESS on September 8 at 21:30. HEMI is based on the Ethereum network, while USELESS is based on the Solana network. Users need to confirm network information before making deposits.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately $298 million, an increase of 95.64% compared to the previous 24 hours.The top five trading pairs by trading volume are: XRP/KRW (trading volume share 7.84%, transaction amount approximately $84.47 million); SOPH/KRW (trading volume share 7.12%, transaction amount approximately $76.72 million); BTC/KRW (trading volume share 5.94%, transaction amount approximately $63.98 million); USDT/KRW (trading volume share 5.33%, transaction amount approximately $57.46 million); WLD/KRW (trading volume share 4.79%, transaction amount approximately $51.64 million).

UPBIT will launch Cluster Protocol (CP) trading on September 8 at 14:30, supporting KRW, BTC, and USDT markets. Users should note that CP only supports deposits and withdrawals on the Base network.

According to CoinGecko data, the trading volume on the Upbit platform increased by 130.4% in the past 24 hours. Among them, the XRP/KRW trading pair ranked first in the Korean won trading market with a 7.86% share of the trading volume, while the other top five are: RAY, USDT, BTC, FLOCK.