What Korbit does

Korbit Inc. (주식회사 코빗) is South Korea's first cryptocurrency exchange, founded in 2013 and headquartered in Seoul's Gangnam district. The platform enables real-time KRW-denominated trading of 50+ virtual assets (BTC, ETH, XRP, SOL, DOGE, ADA, stablecoins, and others) for retail individual investors, with a self-serve product-led go-to-market model accessible via web and mobile applications. Korbit monetizes primarily through a maker-taker transaction fee structure (Free Plan: 0% maker / 0.2% taker) supplemented by lending, staking, and VIP tier revenues.

The technology stack includes cold wallet custody, 2FA and SSL encryption, a next-generation trading engine developed in 2024, TradingView-powered professional charting, and an Open API for developer-built bots and algorithmic strategies. Modular services extend the core exchange into Coin Lending (collateralized borrowing up to 1 billion KRW across 12 collateral and 23 borrowable assets), Staking Plus (daily rewards on ETH, SOL, ADA, TRX at 0.56–2.16% APY), Recurring Purchase (dollar-cost averaging), Auto Trading bots, an NFT marketplace, and Korbit Biz for corporate accounts. Korbit holds ISMS-P and four ISO certifications (27001, 27017, 27018, 27701) plus SOC 1 Type 2 (first Korean exchange, Feb 2024), and integrates with Shinhan Bank for real-name KRW accounts.

Korbit is a privately held company operating exclusively in South Korea. Most recently, Mirae Asset Consulting (a non-financial affiliate of Mirae Asset Financial Group) completed a 92.06% controlling-stake acquisition in February 2026 for approximately 133.5 billion won (~$92–93 million), following earlier investment from SK Square (35% stake, $75 million, November 2021) and prior ownership by NXC/Nexon. Prior to the Mirae Asset deal, Korbit reported 8.7 billion KRW revenue and 9.8 billion KRW net profit in its most recent fiscal year, reversing prior-year losses, though it remains the fourth-largest Korean exchange with under 1% market share.

Name

Korbit

Legal name

주식회사 코빗

Website

https://korbit.co.kr

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Korbit is South Korea's first cryptocurrency exchange (founded 2013), offering KRW-denominated trading of 50+ virtual assets plus lending, staking, and corporate services (Korbit Biz) to Korean retail and institutional investors. Now 92% owned by Mirae Asset Financial Group following a February 2026 acquisition.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (52321), Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)

akta.pro secondary industries

Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Centralized Crypto Lending Platforms (CeFi) (FSADAFAA), Retail Crypto Brokerages (Simple Buy/Sell) (FSADAAAB)

Keywords

• Cryptocurrency exchange
• Virtual asset trading
• Coin lending service
• Crypto staking rewards
• Crypto exchange platform

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Trading Transaction Fees: Maker-taker fee model with Free Plan (0% maker, 0.2% taker) and Basic Plan options. Maker orders that provide liquidity to order book, taker orders that take liquidity. VIP customers receive preferential fee benefits.
2. Coin Lending Interest: Interest income from crypto lending service. Fees include 0.05% application fee, 0.002% hourly usage fee, and 0.15% forced liquidation fee.
3. Staking Services: Revenue from staking operations generating yields on ETH, SOL, ADA, TRX with annual reward rates of 0.56%-2.16%

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Korbit operates South Korea's first cryptocurrency exchange, providing real-time trading of 50+ virtual assets (BTC, ETH, XRP, SOL, DOGE, ADA and others) against Korean Won, with TradingView-based professional charting and multi-layer security (cold wallet storage, 2FA, SSL encryption). It supplements the core exchange with collateralized coin lending (up to 1 billion KRW), daily staking rewards on ETH/SOL/ADA/TRX (up to 2.16% APY), auto trading bots, dollar-cost averaging recurring purchases, an NFT service, and a separate corporate offering (Korbit Biz) with Shinhan Bank real-name account integration.

Product overview

Korbit operates as South Korea's first cryptocurrency exchange (established 2013), offering a unified platform for trading 50+ virtual assets against Korean Won. The core exchange is supplemented by modular services including Coin Lending (collateralized borrowing), Staking Plus (daily rewards), Recurring Investment (dollar-cost averaging), Auto Trading (bot strategies), NFT Service, and Korbit Biz (corporate accounts). The ecosystem is accessible via Open API for developers and features a tiered VIP program for institutional and high-volume traders.

Differentiator

Problem solved

Functional benefit

Brands

• Korbit Biz (코빗비즈): Corporate-focused virtual asset service providing dedicated trading environment for corporate customers including corporate account creation, document submission for customer verification, and Shinhan Bank real-name account linkage.

Products and services

• Korbit Exchange (코빗 거래소) South Korea's first cryptocurrency exchange, providing real-time trading of Bitcoin, Ethereum, XRP and 50+ virtual assets against Korean Won (KRW), with professional TradingView-based charting tools and multi-layer security systems including cold wallet storage, 2FA, and SSL encryption. Targets Korean retail investors.
• Coin Lending (코인 렌딩) Collateralized lending service allowing users to borrow up to 1 billion KRW using their cryptocurrency holdings as collateral. Supports 12 collateral assets and 23 borrowable assets. Fees include 0.05% application fee, 0.002% hourly usage fee, and 0.15% forced liquidation fee. For retail and VIP users seeking liquidity against their crypto positions.
• Staking Plus (스테이킹 플러스) Daily staking rewards service offering up to 2.16% annual reward rate on ETH (1.17%), SOL (2.16%), ADA (0.56%), and TRX (1.74%) with flexible deposit/withdrawal capabilities. Rewards are paid daily or weekly. For retail holders seeking yield on idle proof-of-stake crypto assets.
• Recurring Investment (적립식 구매) Dollar-cost averaging service that automatically purchases scheduled virtual assets at regular intervals. For retail investors seeking systematic accumulation of crypto without manual timing decisions.
• Auto Trading (오토 트레이딩) Automated trading bot service that executes algorithmic trading strategies automatically to generate returns. For active retail and VIP traders who want to systematize execution without manual intervention.
• Korbit Biz (코빗비즈) Corporate virtual asset service providing a dedicated trading environment for legal entities (financial institutions, listed corporations, professional investors) with corporate account creation, document-based customer verification, enhanced compliance features, and Shinhan Bank corporate real-name account integration. Korea's first exchange to issue corporate real-name accounts via Shinhan Bank (January 2022).
• NFT Service (NFT 서비스) NFT trading and management service for non-fungible tokens. For retail users seeking to buy, sell, and manage NFTs alongside their spot trading activity.
• Korbit Open API Public API enabling developers to build custom trading strategies and automated trading bots integrated with the Korbit exchange. Documentation is hosted at developers.korbit.co.kr. Sold as a standalone developer offering, with priority rate limits provided to VIP customers.

Quantifiable outcome

• Returned to profitability with 8.7 billion won revenue and 9.8 billion won net profit in most recent fiscal year
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Korea Deposit Insurance Corporation (예금보험공사)minorStrategic or Co-development Partner · 1 December 2023Korbit signed MOU with the Korea Deposit Insurance Corporation in December 2023 for mutual exchange and cooperation purposes related to virtual assets.
• Shinhan Bank (신한은행)coreChannel Partner/ Reseller/ DistributorShinhan Bank provides real-name account services for Korbit's KRW deposits and withdrawals. Korbit became first exchange to issue corporate real-name accounts through Shinhan Bank in January 2022.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Gopax: South Korean licensed crypto exchange offering spot trading and staking services. Directly competes with Korbit for Korean retail and corporate customers under the same regulatory framework.
• Upbit (Dunamu): South Korea's largest cryptocurrency exchange by trading volume. Directly comparable to Korbit as a Korean won-denominated spot exchange serving retail traders with similar offerings (spot trading, staking, deposits/withdrawals).
• Bithumb: One of the four major Korean cryptocurrency exchanges and a direct competitor to Korbit in KRW trading pairs, staking, and retail crypto services. Comparable regulatory standing and product set.
• Coinone: Korean cryptocurrency exchange operating in the same regulated market as Korbit, offering KRW spot trading, staking, and similar modular services. Comparable in scale, regulation, and target customer base.

Broad incumbents

• Coinbase: US-listed, globally regulated crypto exchange offering spot trading, staking, custody, and institutional services. Comparable product mix (exchange + staking + institutional) but vastly larger scale and broader geography than Korbit.
• Binance: World's largest crypto exchange by volume, offering spot trading, lending, staking, and a broad suite of modular products. Indirectly competes with Korbit for Korean users trading internationally.
• Kraken: Established US-based crypto exchange offering spot trading, staking, and institutional custody. Comparable service mix to Korbit but operates at much larger scale across multiple geographies.
• Crypto.com: Global crypto exchange and app offering spot trading, staking, and card-based crypto services. Comparable consumer-facing exchange + yield product mix to Korbit, with broader geographic reach.

Regional players

• Bitstamp: European-headquartered crypto exchange with institutional focus; held a minority stake in Korbit alongside Robinhood. Comparable regulated exchange business model targeting retail and institutional clients.
• Robinhood Crypto: US retail trading platform with crypto offering; held a minority stake alongside Bitstamp in Korbit post-Mirae Asset acquisition. Comparable retail-first crypto brokerage model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/KorbitOfficial

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds5 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Korbit