Upbit Concludes Review, Removes Restrictions on Bitunix Exchange in South Korea

Bitunix Exchange has announced that, following a review by Upbit, certain restrictions relating to Bitunix were lifted after the identified concerns were assessed as resolved.

According to Upbit’s public notice, after reviewing updated information and legal clarification, the previously identified unreported business behavior was resolved, and the related deposit and withdrawal restrictions on Bitunix were lifted as of January 22, 2026.

The decision reflects Upbit’s view based on its latest review. Such reviews are ongoing, and Bitunix says it will continue to follow compliance rules and improve its standards.

According to the Bitunix team, the exchange continues to work closely with legal and compliance partners to ensure its operations align with regulatory expectations across jurisdictions.

“We continue to follow regulatory developments in all markets, including South Korea, and we continue to work closely with legal and compliance partners to meet all relevant requirements,” said Steven Gu, Chief Strategy Officer at Bitunix.

The company appreciates the constructive engagement throughout the review process and remains focused on serving its global user base responsibly.

South Korea has recently increased checks on foreign crypto exchanges that are not registered locally. As part of this process, Korean exchanges like Upbit review and monitor outside platforms to meet local requirements.

Bitunix said it sees this update as a positive step and will continue focusing on responsible operations and long-term growth.

About Bitunix

Bitunix is a global cryptocurrency derivatives exchange trusted by over 3 million users across more than 100 countries. The platform is committed to providing a transparent, compliant, and secure trading environment for every user. Bitunix offers a fast registration process and a user-friendly verification system supported by mandatory KYC to ensure safety and compliance. With global standards of protection through Proof of Reserves (POR) and the Bitunix Care Fund, Bitunix prioritizes user trust and fund security. The K-Line Ultra chart system delivers a seamless trading experience for both beginners and advanced traders, while leverage of up to 200x and deep liquidity make Bitunix one of the most dynamic platforms in the market.

Bitunix Global Accounts