Company Information

Get to know Upbit Singapore Pte. Ltd.

Upbit Singapore Pte. Ltd. is the Singapore-based subsidiary of Upbit, South Korea's largest cryptocurrency exchange, which is operated by Dunamu Inc. The Singapore entity was established to expand its services into the Southeast Asian market, targeting both institutional and retail investors. It focuses on providing a secure and reliable platform for trading digital payment tokens. In October 2023, the company received an in-principle approval (IPA) for a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS), a significant step towards becoming a fully regulated digital asset exchange in the jurisdiction.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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Upbit Singapore Pte. Ltd.

South Korea

Founded in

2012 (14 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.