UK's CoinDesk Names Upbit Top Korean Crypto Exchange

Upbit has solidified its position as the top exchange in Korea, ranking 1st domestically and 14th globally in the latest 'Global Cryptocurrency Exchange Ranking' published by CoinDesk Data (formerly CCData), a UK-based virtual asset data analysis platform. This evaluation covered 87 virtual asset exchanges worldwide and was conducted using CoinDesk Data's proprietary analysis model. Eight key indicators were deeply evaluated: Know Your Customer (KYC) capabilities, regulatory compliance, data provision, security capabilities, team capabilities, negative trends, market quality, and transparency. Upbit received consistently positive scores across all evaluation categories, earning a total score of 70 points (out of 100). It was particularly highly evaluated for its outstanding competitiveness in the 'Market Quality' section, which encompasses liquidity and trading volume. Lee Seok-woo, CEO of Dunamu, expressed his determination to build on this achievement by continuously dedicating efforts to improving service quality, strengthening security, and protecting investors, thereby advancing to become a globally recognized leading exchange both domestically and internationally. Meanwhile, Binance claimed the global top spot in this evaluation with a total score of 90 points, and these results were announced on the 8th.