Upbit, a leading global cryptocurrency exchange run by Dunamu Inc., announced today that it has signed an agreement (MOU) with Indonesia Crypto Exchange (ICEx), a licensed crypto trading platform in Indonesia. This partnership will allow the two companies to work together on technology and operations, helping to grow Indonesia’s safe and well-regulated crypto market.
The partnership was highlighted during an important meeting held at Upbit’s headquarters in Seoul. CEO Kyoungsuk Oh welcomed a senior team from Indonesia.
The group included top government officials, members of the Chamber of Commerce Indonesia, and key industry leaders, who came together to discuss the future of regulated digital finance.
Including the Chamber of Commerce shows the goal of connecting the crypto industry with Indonesia’s wider business environment. It highlights efforts to make digital assets a part of the country’s overall economic growth.
During the meetings, Upbit leaders and Kadin representatives talked about future plans to combine Korea’s strong technology with Indonesia’s market opportunities, making sure the crypto strategy supports both national economic goals and private sector growth.
“This partnership reflects our commitment to fostering well-regulated digital asset ecosystems globally,” said Kyoungsuk Oh, CEO of Dunamu, operator of Upbit. “By working closely with ICEx, we aim to share the platform technology and operational expertise that have established Upbit as a market leader in Asia and strengthen the foundational infrastructure of Indonesia’s digital asset sector.”
“Partnering with Upbit brings invaluable global expertise to our local ecosystem,” said Pang Xue Kai, CEO of ICEx Group. “Upbit’s leadership in compliance and technology was a decisive factor for us. We believe this collaboration will contribute to the development of a more secure and trusted market environment in Indonesia.”
Upbit is a well-known cryptocurrency exchange based in South Korea and run by Dunamu Inc., a fintech company that builds modern financial services using blockchain technology. Since starting in 2017, Upbit has grown into one of the world’s largest crypto exchanges, with a high trading volume and many different digital assets available for users.
The platform is designed to be safe and easy to use, allowing people to trade, invest, and manage their digital assets. Upbit focuses strongly on security, transparency, and following rules to protect its users and their investments.
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