South Korea’s top crypto exchange plans Vietnam entry

August 05, 2025 | 16:18

(0) user say

South Korea’s largest digital asset trading platform Upbit, operated by Dunamu Inc., is setting its sights on the Vietnamese market, signalling growing interest from global players in the country’s emerging digital economy.

Prime Minister Pham Minh Chinh held a meeting with Kim Hyoung-nyon, vice chairman of Dunamu, and Lee Eunhung, vice chairman of Hana Financial Group, during their visit to Vietnam on July 29.

South Korea’s top crypto exchange plans Vietnam entry

As the world’s third-largest centralised digital asset exchange, Dunamu is accelerating its global expansion strategy, identifying Vietnam as a key destination in its next phase of growth.

Dunamu currently commands a dominant position in South Korea’s cryptocurrency market, with Upbit holding an estimated 80 per cent market share and serving more than six million users.

In 2024 alone, Upbit’s trading surpassed $1.1 trillion, with total digital assets under management exceeding $80 billion.

The group has expressed its intention to invest in Vietnam’s digital asset sector and strengthen collaboration with local partners, including MB Bank.

“Dunamu is committed to sharing its expertise and actively cooperating with Vietnam in the fields of cryptocurrency and digital assets,” said Kim Hyoung-nyon. “We aim to provide the best solutions and services with safety and transparency, thereby attracting both domestic and international investors.”

The company’s interest is a positive signal for Vietnam’s digital economy, underlining the country’s appeal to leading global tech investors. It also marks a potential step forward in Vietnam’s journey to develop a more comprehensive and regulated digital asset market, an emerging sector poised to play a vital role in the nation’s digital transformation.