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South Korean Exchanges Upbit, Bithumb Suspend SNX Deposits After Warning from DAXA

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Leading South Korean crypto exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) following a cautionary alert issued by the Digital Asset Exchange Alliance (DAXA). DAXA, a self-regulatory body responsible for setting industry standards across South Korean exchanges, designated SNX as an asset requiring investor caution. Such a classification typically triggers enhanced scrutiny, with […]

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Filecoin Price Skyrockets amid Upbit Listing Announcement: What’s Next for FIL?

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Key Notes FIL surged 7.11% after being listed on South Korean exchange Upbit. The token stabilized at $2.88, reflecting a 5.3% increase over the past day. The project recently saw a 305% rise in development activity. Filecoin FIL $2.79 24h volatility: 2.7% Market cap: $1.83 B Vol. 24h: $517.66 M saw an immediate 7.11% spike

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Upbit Operator Dunamu Triples Dividends Following Profit Surge

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Dunamu, the parent company of South Korea’s largest cryptocurrency exchange Upbit, has announced a threefold increase in cash dividends to common shareholders following a sharp rise in annual profits. During its annual shareholder meeting on Friday, the company approved a dividend of 8,777 Korean won ($5.99) per common share for 2024, up from 2,937 won

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South Korean exchange UPbit saw massive earnings growth in 2024 amid regulatory hiccups

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Dunamu, the parent company of South Korea’s largest crypto exchange UPbit, reported a significant increase in earnings for 2024, defying ongoing regulatory challenges. Chosun Bix, citing the firm’s annual business filing, reported that Dunamu’s operating profit surged 85.1% to 1.19 trillion won (approximately $682 million) in 2024. According to the report, the firm’s revenue climbed

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South Korea To Sanction Crypto Exchanges Operating Illegally

Leave a Comment / Bitcoin, Bithumb, Bithumb CEO, BitMEX, BTC, BTCUSDT, crypto exchanges, Crypto News, Financial Intelligence Unit, Financial Services Commission, FIU, FSC, KuCoin, South Korean authorities, South Korean exchanges, UPbit / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean financial authorities are considering sanctioning and blocking access to multiple overseas crypto exchanges, including BitMEX and KuCoin, for allegedly offering their services to Korean customers without registration. Overseas Crypto Exchanges Risk Sanctions On Friday, local news media outlet Hangyung reported

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