Upbit Named Forbes' Most Trusted Korean Exchange

Upbit, South Korea's leading virtual asset exchange, has proven its reliability on the global stage. It achieved a remarkable feat, ranking 1st in South Korea and 7th globally in Forbes, a world-renowned economic magazine's 'Most Trusted Crypto Provider 2025' evaluation, thereby elevating the status of the Korean virtual asset market. This evaluation was conducted on over 200 virtual asset providers worldwide, and Upbit proudly secured a spot in the top tier by earning 6 out of 10 points. Forbes measured reliability by comprehensively analyzing nine key indicators: Bitcoin and Ethereum holdings, regulatory compliance, transparency, accounting soundness, costs such as transaction fees, corporate/institutional client status, average daily spot and derivatives trading volume, and virtual asset-based products. The top spot was claimed by the U.S. Chicago Mercantile Exchange Group (CME) with 7.7 points, followed by prominent global players such as Coinbase (7.6 points), Bitstamp (6.8 points), Binance (6.7 points), Robinhood (6.6 points), and Bitbank (6.1 points). Upbit showcased its global competitiveness by standing shoulder to shoulder with these leading companies. Forbes particularly highly praised Upbit's overwhelming transparency and robust accounting soundness. It emphasized that as South Korea's largest virtual asset exchange, Upbit provides stable services to over 10 million users, recognizing that it has firmly established a foundation of trust. Lee Sirgoo, CEO of Dunamu, pledged regarding this achievement, saying, "Upbit will not cease its multifaceted efforts in service quality, security, and investor protection to become a virtual asset exchange recognized both domestically and internationally," thereby articulating its future vision. Meanwhile, in addition to this Forbes evaluation, Upbit has consistently demonstrated world-class competitiveness, ranking 1st in Korea and 5th globally in Kaiko, a global digital financial analytics firm's Q4 2024 virtual asset exchange evaluation, and 1st in Korea and 14th globally in CCData, a global virtual asset data provider's November 2024 evaluation. This is interpreted as a significant result showing that Upbit, beyond mere market share, is meeting global standards in qualitative aspects as well.