Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

Upbit is a leading South Korean cryptocurrency exchange known for its extensive selection of digital currencies. Initially centered on the South Korean market, it has expanded its services globally, including to Southeast Asian countries like Indonesia and Thailand. The platform performs a "Know Your Customer" (KYC) process that could limit access for users in certain countries but doesn't explicitly list restricted countries.

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating

Upbit Available Countries

As a leading Korean cryptocurrency exchange, Upbit primarily provides its services in its home base of South Korea. However, it has successfully expanded its operations, marking its presence in several other nations. Users in Singapore, Indonesia, and Thailand can also access and utilize Upbit's trading services. Do remember that the services offered by Upbit might differ based on the regulatory environment of each country.

Upbit Countries

Upbit Restricted Countries

As far as the list of restricted countries for Upbit goes, it's not something that Upbit explicitly states on the platform. However, it is assumed that because the platform is only accessible in Korea, Singapore, Indonesia, and Thailand that it is unavailable outside of those countries.

‍‍

Where is Upbit Located?

Upbit is headquartered in South Korea. It is one of the largest cryptocurrency exchanges in the country and is well known in the Asian market. Upbit's offices are located in several countries, including both Thailand and Singapore. However, as it's an online platform, its services can be accessed by users in various countries where it operates, subject to local regulations and restrictions.

Is Upbit available in the US?

Upbit has not announced plans to extend its operations to the United States. Establishing a cryptocurrency exchange service in the U.S. involves navigating a comprehensive regulatory framework, one that has become increasingly strict with regard to digital assets. The U.S. Securities and Exchange Commission (SEC) has recently been noted for its stringent stance toward exchanges, as demonstrated by its vigorous regulatory actions against industry giants like Binance and Coinbase. This heightened regulatory scrutiny suggests a challenging environment for new entrants like Upbit.

Closing Thoughts

In conclusion, Upbit is a prominent cryptocurrency exchange with a stronghold in South Korea and extended services in Singapore, Indonesia, and Thailand. The platform operates within the confines of local regulations, which might vary, impacting the services offered in each country. While Upbit doesn't explicitly list its restricted countries, the KYC process might prevent certain users from gaining access. As of now, it does not offer services in the U.S., likely due to the country's strict regulatory landscape for cryptocurrency exchanges.

Author

Richard Zhang, the founder of StacksOnChain, comes with a rich history in finance and a background as a High-Frequency Trading engineer and computer science scholar. With over a decade in the industry, he fervently advocates decentralized financial systems, imparting his extensive knowledge to a global readership.

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