FLYBIT
FLYBIT is a South Korean cryptocurrency exchange, operated by Korea Digital Exchange Co., Ltd. since 2018, enabling retail and institutional users to trade BTC, ETH, and XRP against KRW and USDT, with token swap and structured investment products, distributed through self-serve web and mobile channels.
- Company typePrivate
- Founded2018
- HeadquartersSeoul, South Korea
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What FLYBIT does
FLYBIT is a South Korea-based cryptocurrency exchange operated by Korea Digital Exchange Co., Ltd. (주식회사 한국디지털거래소), founded in 2018 and headquartered in Gangnam-gu, Seoul. The platform enables retail and institutional users to trade major virtual assets — Bitcoin (BTC), Ethereum (ETH), and XRP — against Korean Won (KRW) and USDT pairs, and additionally offers token swap functionality, structured investment products (Filecoin hashpower offerings and rebase products), wallet management, deposits/withdrawals, and a mobile application. The exchange is distributed through a self-serve, direct-to-consumer model via web (Chrome-optimized) and mobile channels, with KakaoTalk and phone-based customer support available during Korean business hours.
The underlying platform architecture emphasizes security and regulatory compliance as primary differentiators: more than 80% of customer assets are held in cold wallets; the firm holds ISMS-P certification (valid through December 2025), ISO 37301 (compliance management) and ISO 37001 (anti-bribery) certifications, plus an additional stack of ISO 27001/27017/27018/27035 and ISO 20000-1 standards. FLYBIT also maintains hacking and computer accident liability insurance and has passed the Korean Blockchain Association's self-regulation review as a recognized model exchange. Revenue is generated primarily through transaction fees on cryptocurrency trades, supplemented by token listing/swap services and fees on structured investment products; specific fee schedules are not publicly disclosed. The firm employs 1–10 staff and ranks among the top 5 South Korean cryptocurrency exchanges, where the combined 24-hour trading volume of the top 5 represents 2.03% of KOSPI stock market volume. Geographic operations remain confined to South Korea, with no disclosed funding, partnerships, M&A, or named institutional customers.
FLYBIT firmographics
Firmographics- Name
- FLYBIT
- Legal name
- (주)한국디지털거래소 (Korea Digital Exchange Co., Ltd.)
- Website
- https://flybit.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FLYBIT is a South Korean cryptocurrency exchange, operated by Korea Digital Exchange Co., Ltd. since 2018, enabling retail and institutional users to trade BTC, ETH, and XRP against KRW and USDT, with token swap and structured investment products, distributed through self-serve web and mobile channels.
- Ownership category
- akta.pro rank
Where FLYBIT is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
FLYBIT business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- Cryptocurrency Trading Fees: FLYBIT generates revenue primarily through transaction fees on cryptocurrency trades. The exchange offers trading for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP with KRW trading pairs and USDT markets.
- Token Listing and Swap Services: Revenue generated from token listing services and token swap functionality, allowing users to exchange various digital assets on the platform.
- Investment Products: FLYBIT offers investment products including Filecoin hashpower and rebase products, generating fees from these structured investment offerings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard cryptocurrency trading fees |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
FLYBIT product offering
Product offeringCore offering
FLYBIT is a South Korean cryptocurrency (virtual asset) exchange platform that enables retail users to trade major digital assets such as Bitcoin (BTC), Ethereum (ETH), and XRP against Korean Won (KRW) and USDT. The platform provides deposit/withdrawal services, token swap functionality, and complementary investment products including Filecoin hashpower and rebase products, accessed through a web platform and mobile application.
Product overview
FLYBIT is a South Korean cryptocurrency exchange operated by Korea Digital Exchange Co., Ltd. The platform operates as a unified exchange service offering cryptocurrency trading (spot), wallet management, and token swap functionality through both web and mobile interfaces. The core platform is complemented by portfolio tracking tools and investment history features.
Differentiator
Problem solved
Functional benefit
Products and services
- FLYBIT Exchange (가상자산 거래소) A South Korean cryptocurrency exchange platform that enables users to trade virtual assets including Bitcoin (BTC), Ethereum (ETH), and XRP against Korean Won (KRW) and USDT, with wallet services, deposits/withdrawals, and token swap functionality. Targeted at South Korean retail and institutional crypto investors.
- FLYBIT Mobile App (FLYBIT 앱)
Quantifiable outcome
- Ranked among top 5 cryptocurrency exchanges in South Korea by trading volume
- +1 more outcomes
Companies that use FLYBIT
Customer profileSegments2 records
Ideal customer profiles2 records
FLYBIT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
FLYBIT partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights4 records
FLYBIT competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
FLYBIT social profiles
Digital presenceFLYBIT compliance and trust
Trust signalCompliance17 records
FLYBIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
FLYBIT leadership team
Management profileNumber of profiles
Profiles2 records
FLYBIT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FLYBIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FLYBIT
What does FLYBIT do?
FLYBIT is a South Korean cryptocurrency (virtual asset) exchange platform that enables retail users to trade major digital assets such as Bitcoin (BTC), Ethereum (ETH), and XRP against Korean Won (KRW) and USDT. The platform provides deposit/withdrawal services, token swap functionality, and complementary investment products including Filecoin hashpower and rebase products, accessed through a web platform and mobile application.
Is FLYBIT a public or private company?
FLYBIT is a private company. It is classified as unknown and is currently operating.
When was FLYBIT founded?
FLYBIT was founded in 2018. It employs 1 to 10 people.
Where is FLYBIT based?
FLYBIT is headquartered in Seoul, South Korea, in the Asia region.
How does FLYBIT make money?
Three revenue lines are on record. Cryptocurrency Trading Fees are the primary driver. The others are token Listing and Swap Services and investment Products.
Does FLYBIT have an API?
Yes. FLYBIT provides API access for developers. The platform offers an API Docs section accessible from the customer center navigation, along with an API Terms of Use (API 이용약관). Specific API capabilities, authentication methods, rate limits, and technical specifications are not detailed in the available source content.