🚀 Do you know? Just in one single day on May 20, 2021, 5 mn users visited #Upbit!!
🔹 And Upbit is among the top 4 crypto exchanges that handle 90% of South Korea's #crypto trading volume.
🔹 Upbit is a Centralized Crypto Exchange launched by Dunamu, (one of the country's leading #fintech companies) in Oct 2017 by Song Chi-Hyung.
🔹 Just 2 months after the launch, Upbit became one of the largest exchanges by 24-hr trading volume.
🔹 Its users totaled 8.9 mn, more than double of 4 mn in Feb 2021.
🔹 In 2021, the revenue of #Dunamu amounted to ₩3.7 tn, up from around ₩177 bn as of 2020.
🔹 Upbit’s partnerships include Chainalysis Inc., Crystal Analytics, and more.
🔹 Upbit’s Offerings are an Exchange Platform and a Mobile App where users are allowed for Spot trading, #Staking, #NFTs, and more.
🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6981938510840680448
🔹 And Upbit is among the top 4 crypto exchanges that handle 90% of South Korea's #crypto trading volume.
🔹 Upbit is a Centralized Crypto Exchange launched by Dunamu, (one of the country's leading #fintech companies) in Oct 2017 by Song Chi-Hyung.
🔹 Just 2 months after the launch, Upbit became one of the largest exchanges by 24-hr trading volume.
🔹 Its users totaled 8.9 mn, more than double of 4 mn in Feb 2021.
🔹 In 2021, the revenue of #Dunamu amounted to ₩3.7 tn, up from around ₩177 bn as of 2020.
🔹 Upbit’s partnerships include Chainalysis Inc., Crystal Analytics, and more.
🔹 Upbit’s Offerings are an Exchange Platform and a Mobile App where users are allowed for Spot trading, #Staking, #NFTs, and more.
🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6981938510840680448
#Bitcoin's ETF approval led to a surge, reaching $48,975, but massive liquidation caused a drop to $42,820.
Selling pressure increased post-approval, impacting #Binance, #OKX, and #Upbit, with notable capital outflows reported.
https://coinpedia.org/news/bitcoin-massive-price-drop-amid-bitcoin-etf-approval-binance-and-kaiko-reported/
Selling pressure increased post-approval, impacting #Binance, #OKX, and #Upbit, with notable capital outflows reported.
https://coinpedia.org/news/bitcoin-massive-price-drop-amid-bitcoin-etf-approval-binance-and-kaiko-reported/
Coinpedia Fintech News
Bitcoin Massive Price Drop Amid Bitcoin ETF Approval: Binance and Kaiko Reported
After Bitcoin ETF approval, a different craze was seen in the cryptocurrency market where Bitcoin holders started selling their Bitcoins, and that too for
🔵Top #CryptoNews News in Last 12 Hours
1️⃣#Upbit, South Korea’s largest #crypto exchange, will list the ID Korean won trading pair, ID (SPACE ID) rose 81.71% in 24 hours.
2️⃣ Thailand exempts digital asset transactions from value-added tax. The tax exemption is effective January 1, 2024, with no expiration date.
3️⃣ South Korea to enforce "Virtual Asset User Protection Act" from July 19, targeting market manipulation and illegal transactions.
4️⃣Japan's Financial Services Agency amends law for #DAO member rights tokens, aiming to treat them like LLC member rights, easing regulations.
5️⃣ #Cryptoexchange #Bitsonic's CEO, Jinwook Shin, sentenced to 7 years for $7.5M theft. Company shut due to internal issues.
6️⃣US judge approves sealed settlement between #BlockFi and #3AC, resolving disputes over millions. Details remain confidential.
#Cryptocurrecny #Bitcoin #Crypto
1️⃣#Upbit, South Korea’s largest #crypto exchange, will list the ID Korean won trading pair, ID (SPACE ID) rose 81.71% in 24 hours.
2️⃣ Thailand exempts digital asset transactions from value-added tax. The tax exemption is effective January 1, 2024, with no expiration date.
3️⃣ South Korea to enforce "Virtual Asset User Protection Act" from July 19, targeting market manipulation and illegal transactions.
4️⃣Japan's Financial Services Agency amends law for #DAO member rights tokens, aiming to treat them like LLC member rights, easing regulations.
5️⃣ #Cryptoexchange #Bitsonic's CEO, Jinwook Shin, sentenced to 7 years for $7.5M theft. Company shut due to internal issues.
6️⃣US judge approves sealed settlement between #BlockFi and #3AC, resolving disputes over millions. Details remain confidential.
#Cryptocurrecny #Bitcoin #Crypto
📊 Top 5 #Crypto Exchanges by Trading Volume! 🚀💰
1️⃣ #Binance: $14,455,213,259.79
2️⃣ #Coinbase: $1,943,335,963.46
3️⃣ #OKX: $2,042,986,965.06
4️⃣ #Bybit: $4,209,395,735.01
5️⃣ #Upbit: $920,690,331.03
These exchanges are dominating the crypto market with massive trading volumes. Which one is your favourite?
Let us know in the comments.
1️⃣ #Binance: $14,455,213,259.79
2️⃣ #Coinbase: $1,943,335,963.46
3️⃣ #OKX: $2,042,986,965.06
4️⃣ #Bybit: $4,209,395,735.01
5️⃣ #Upbit: $920,690,331.03
These exchanges are dominating the crypto market with massive trading volumes. Which one is your favourite?
Let us know in the comments.
Top #CryptoNews of Past 12 Hours
1️⃣#Upbit, South Korea's largest crypto exchange, added JUP trading with KRW, BTC, and USDT pairs.
2️⃣The #German Government transferred 1,700 BTC to address 139Po, valued at $99 million. The German government still holds 40,359 BTC ($2.3 billion).
3️⃣#MtGox executed small transfer tests today at 12:21 UTC+8 to various addresses.
4️⃣ #UniSat, a Bitcoin infrastructure firm, completed a Pre-A round led by Binance in May.
5️⃣ Experts at 10x Research predicted #Bitcoin could drop below $57,000, possibly reaching $50,000 soon.
6️⃣Nigeria's SEC mandated virtual asset service providers to establish local offices for regulatory compliance.
7️⃣Justin Sun offered to buy Germany's $2.3 billion Bitcoin holdings to mitigate #Cryptomarket impact.
1️⃣#Upbit, South Korea's largest crypto exchange, added JUP trading with KRW, BTC, and USDT pairs.
2️⃣The #German Government transferred 1,700 BTC to address 139Po, valued at $99 million. The German government still holds 40,359 BTC ($2.3 billion).
3️⃣#MtGox executed small transfer tests today at 12:21 UTC+8 to various addresses.
4️⃣ #UniSat, a Bitcoin infrastructure firm, completed a Pre-A round led by Binance in May.
5️⃣ Experts at 10x Research predicted #Bitcoin could drop below $57,000, possibly reaching $50,000 soon.
6️⃣Nigeria's SEC mandated virtual asset service providers to establish local offices for regulatory compliance.
7️⃣Justin Sun offered to buy Germany's $2.3 billion Bitcoin holdings to mitigate #Cryptomarket impact.
Top #CryptoNews of Last Week
1️⃣ #Bitcoin’s market cap reached $1.751 trillion, surpassing silver and becoming the 8th largest global asset.
2️⃣ Powell signaled gradual policy adjustments, stating no immediate need for rate cuts amid cooling inflation.
3️⃣ Senator Lummis proposed selling gold reserves to fund Bitcoin purchases, supporting digital assets’ growth.
4️⃣ #ElonMusk’s DOGE account launched, aiming to streamline government efficiency and reduce federal spending.
5️⃣ Hong Kong Stock Exchange launched Virtual Asset Index Series, tracking Bitcoin and Ethereum prices.
6️⃣ #Tether introduced Hadron platform, simplifying multi-blockchain asset tokenization across Bitcoin and Ethereum Layer 2.
7️⃣ #Upbit’s trading volume exceeded combined totals of South Korea’s KOSPI and KOSDAQ stock markets.
8️⃣ #MicroStrategy bought 27,200 BTC for $2.03 billion, increasing its holdings to 279,420 BTC in total.
9️⃣ #Ethereum researcher proposed Beam Chain upgrade, aiming for faster block times and quantum security improvements.
🔟 #VitalikButerin discussed Ethereum’s future vision, focusing on scalability, decentralization, and quantum security at Devcon.
1️⃣ #Bitcoin’s market cap reached $1.751 trillion, surpassing silver and becoming the 8th largest global asset.
2️⃣ Powell signaled gradual policy adjustments, stating no immediate need for rate cuts amid cooling inflation.
3️⃣ Senator Lummis proposed selling gold reserves to fund Bitcoin purchases, supporting digital assets’ growth.
4️⃣ #ElonMusk’s DOGE account launched, aiming to streamline government efficiency and reduce federal spending.
5️⃣ Hong Kong Stock Exchange launched Virtual Asset Index Series, tracking Bitcoin and Ethereum prices.
6️⃣ #Tether introduced Hadron platform, simplifying multi-blockchain asset tokenization across Bitcoin and Ethereum Layer 2.
7️⃣ #Upbit’s trading volume exceeded combined totals of South Korea’s KOSPI and KOSDAQ stock markets.
8️⃣ #MicroStrategy bought 27,200 BTC for $2.03 billion, increasing its holdings to 279,420 BTC in total.
9️⃣ #Ethereum researcher proposed Beam Chain upgrade, aiming for faster block times and quantum security improvements.
🔟 #VitalikButerin discussed Ethereum’s future vision, focusing on scalability, decentralization, and quantum security at Devcon.