[Exchanges](https://revain.org/exchanges/) › Digital X (Korbit)

# Digital X (Korbit): licences, security, fees and reviews

Centralized exchange

## In short

- **Legal entity**: 디지털엑스 주식회사 (Digital X Co., Ltd.)
- **Fees**: Spot maker / taker: 0.1% in the KRW market (base rate, 1 October 2026).
- **Risks and caveats**: On 31 December 2025 the FIU decided to impose an institutional warning and a fine (과태료) of 2.73 billion won on Korbit (now Digital X); the CEO received a caution and the reporting officer a reprimand.
- **Checked**: 29 October 2026

## Key facts

- **Type**: Centralized exchange
- **Country of registration**: South Korea
- **Operator**: Digital X Co., Ltd. (디지털엑스 주식회사)
- **Formerly**: Korbit
- **Official site**: digitalx.miraeasset.com/trade

Key facts checked on 29 October 2026 against official sources and regulator registers.

## What is Digital X (Korbit)

Digital X (formerly Korbit) is a centralised virtual asset exchange in South Korea with a Korean won (KRW) market, operated by Digital X Co., Ltd. (디지털엑스 주식회사). The company was founded on 5 July 2013 as 주식회사 코빗 (Korbit); the service was renamed from Korbit to Digital X on 16 September 2026.

## Good to know

- Korea's FIU regime is a registration (신고) of virtual asset service providers under the 특정금융정보법. Digital X Co., Ltd. is on the FIU list as of 30 September 2026; it filed on 10 September 2021 and was registered on 20 October 2021. [↗](https://www.kofiu.go.kr/kor/notification/notice_view.do?ntcnYardOrdrNo=194&seCd=0007)
- Korbit and Digital X are the same exchange: the service was renamed from Korbit to Digital X on 16 September 2026. [↗](https://digitalx.miraeasset.com/notice/detail/?noticeId=5GYMLMEeJs00JQLxuMQc2N)
- Ownership changed in July 2026: Mirae Asset Consulting, a Mirae Asset Group affiliate, holds 97.15% (24 July 2026). At 31 December 2025 the largest shareholders were NXC (45.56%) and SK Planet (31.55%). [↗](https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260414001243)
- Korean won can be deposited and withdrawn only through the user's own Shinhan Bank (신한은행) account; other banks cannot be linked. [↗](https://digitalx.miraeasset.com/faq/list/?article=4SX5x6BD8JUPaMAWHlrvWa)
- The base trading fee in the KRW market is 0.1% for makers and takers (DAXA, 1 October 2026), but trading on all assets is free for one year from 24 August 2026 under a promotion. [↗](https://digitalx.miraeasset.com/notice/detail/?noticeId=4VPZQ0BT3UHTO92lTOhhFk)
- Proof of reserves takes the Korean form: Digital X publishes its holdings and wallet addresses, an accounting firm checks them quarterly, and DAXA publishes its daily balance reconciliation (일일대사). [↗](https://kdaxa.org/disclosure/reconciliation.php)
- The FIU sanction of 31 December 2025 (a decision to impose an institutional warning and a 2.73 billion won fine) found 19 transfers with three unregistered foreign providers and 655 cases, including NFTs, where new assets were supported without a prior money-laundering risk assessment. [↗](https://www.fsc.go.kr/no010101/85984)
- For transfers to other Korean exchanges under the travel rule, Digital X uses the CODE solution; it has been linked with VerifyVASP since 25 April 2022. [↗](https://digitalx.miraeasset.com/notice/detail/?noticeId=6G5J3Ndmh3DPHHPELYbFOx)
- Suspected voice-phishing fraud can be reported to the Digital X fraud reporting centre on 1661-9766, open 24 hours. [↗](https://digitalx.miraeasset.com/faq/list/?article=3qhYWBKGXnuY149fo9IZdx)
- Personal wallet addresses are registered for transfers after two-factor authentication, by approving a signature request in the wallet itself. [↗](https://digitalx.miraeasset.com/faq/list/?article=5yGKgodofj74sc7rEV0YgN)

## Services

| Parameter | Details |
|---|---|
| Spot trading | KRW market, including the stablecoins USDT, USDC, USDS, RLUSD and FDUSD (29 October 2026). |
| Fiat deposits | KRW deposits and withdrawals only through the user's own Shinhan Bank (신한은행) account. |
| Interest on KRW balances | Interest on KRW deposits (예치금 이용료): 1.9% a year for October 2026; it can be claimed once a day. |
| Custody / wallet (USDT) | USDT deposits and withdrawals on Tron and Ethereum. |
| Custody / wallet (USDC) | USDC deposits and withdrawals on Ethereum, Base, Arbitrum and Arc. |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| South Korea | 디지털엑스 주식회사 (Digital X Co., Ltd.) | Registered virtual asset service provider (가상자산사업자), business registration no. 220-88-61399, business types 다–마; filed 10 September 2021, registered 20 October 2021 (FIU register, 30 September 2026). | [Financial Intelligence Unit (금융정보분석원, FIU)](https://www.kofiu.go.kr/kor/notification/notice_view.do?ntcnYardOrdrNo=194&seCd=0007) |
| South Korea | 디지털엑스 주식회사 (Digital X Co., Ltd.) | Real-name verified deposit and withdrawal account (실명확인 입출금계정) with Shinhan Bank (신한은행); this is a bank arrangement, not a licence. | — |

## Status in the United States and the United Kingdom

- Korbit is not listed in the FCA’s Financial Services Register: searches for “Korbit” and for “Digital X”, the name of its operator Digital X Co., Ltd., returned no firm on 29 October 2026. [FCA Financial Services Register](https://register.fca.org.uk/s/search?q=korbit&type=Companies)
- Under the UK Money Laundering Regulations 2017, cryptoasset businesses must register with the FCA before offering in-scope cryptoasset services in the course of business carried on in the UK. [FCA: cryptoassets AML/CTF regime](https://www.fca.org.uk/firms/financial-crime/money-laundering-terrorist-financing/cryptoassets-aml-ctf-regime)
- FinCEN’s MSB Registrant Search has no entry for Korbit, Digital X or its parent Mirae Asset Consulting: each legal-name search, and alias searches for Korbit and Digital X, returned no match on 29 October 2026. [FinCEN MSB Registrant Search](https://msb.fincen.gov/)
- Neither Korbit nor Digital X appears on the New York DFS list of regulated virtual currency entities (checked 29 October 2026). Virtual currency business activity in New York requires a BitLicense or a charter under the New York Banking Law. [NYDFS: virtual currency businesses](https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses)

Checked on 29 October 2026 against regulator registers and the text of the law.

## Security and audits

- ISMS-P certification (ISMS-P-KISA-2024-027) for the exchange service, valid 21 August 2024 – 20 August 2027.
- At least 80% of users' virtual assets are kept in cold wallets, the share Korean rules require.
- A monthly reserve based on the value of assets in hot wallets covers user losses from hacking; the 2025 audit report shows a reserve of 19 billion won.
- Withdrawals are delayed 72 hours after a first KRW deposit and 24 hours for the amount of later KRW deposits, to prevent voice-phishing fraud.
- API trading is allowed only from pre-registered whitelisted IP addresses.

## Fees

| Parameter | Details |
|---|---|
| Spot maker / taker | 0.1% in the KRW market (base rate, 1 October 2026). |
| Spot (promotion) | 0% on all assets for one year from 24 August 2026. |

## Who can use it

- Verification: Users verify their identity on the exchange and link their own Shinhan Bank account under their real name; the bank also carries out its own customer verification.

## History

| Date | Event |
|---|---|
| 5 July 2013 | The company is founded as 주식회사 코빗 (Korbit). |
| September 2019 | A USDC/KRW pair is trading on Korbit, according to its notice on the BTC/USDC market of 5 September 2019. |
| 20 October 2021 | The FIU registers the company as a virtual asset service provider (application filed 10 September 2021). |
| 25 April 2022 | Travel-rule transfers: the CODE solution used by Korbit is linked with VerifyVASP. |
| 16 November 2022 | Korbit begins publishing its virtual asset holdings and wallet addresses. |
| 11 April 2024 | USDT trading for KRW begins. |
| 16 October 2024 | The FIU carries out an on-site anti-money-laundering inspection of Korbit (16–29 October 2024). |
| May 2025 | After the DAI rebrand, Korbit swaps DAI into USDS at 1:1. |
| 31 December 2025 | The FIU decides to impose an institutional warning and a fine (과태료) of 2.73 billion won on Korbit under the 특정금융정보법. |
| July 2026 | Mirae Asset Consulting, a Mirae Asset Group affiliate, becomes the largest shareholder. |
| 11 August 2026 | The company is renamed from 주식회사 코빗 to 디지털엑스 주식회사. |
| 16 September 2026 | The service is renamed from Korbit (코빗) to Digital X (디지털엑스). |

## Risks and caveats

- On 31 December 2025 the FIU decided to impose an institutional warning and a fine (과태료) of 2.73 billion won on Korbit (now Digital X); the CEO received a caution and the reporting officer a reprimand.
- The FIU found that Korbit had supported 19 virtual asset transfers with three unregistered foreign providers, which Korean law prohibits.
- The FIU found about 22,000 breaches of the customer due diligence and transaction-restriction duties under the 특정금융정보법.
- The FIU found 655 cases, including NFTs, where Korbit supported new assets without first assessing the money-laundering risk.

## About the company

- **Legal entity**: 디지털엑스 주식회사 (Digital X Co., Ltd.)
- **Founded**: 5 July 2013 (company, as 주식회사 코빗); exchange launch date not stated in official records
- **CEO**: 오세진 (representative in the FIU register, 30 September 2026)
- **Headquarters**: Teheran-ro 5-gil 7, Gangnam-gu, Seoul, South Korea
- **Parent company**: 미래에셋컨설팅 (Mirae Asset Consulting, a Mirae Asset Group affiliate), 97.15% (24 July 2026)
- **Formerly**: 주식회사 코빗 (Korbit), renamed 11 August 2026

## Official links

- Website: [digitalx.miraeasset.com](https://digitalx.miraeasset.com)
- Proof of reserves: [insights.digitalx.miraeasset.com/reserves](https://insights.digitalx.miraeasset.com/reserves)
- Fees: [digitalx.miraeasset.com/faq/list/?article=5SrSC3yggkWhcSL0O1KSz4](https://digitalx.miraeasset.com/faq/list/?article=5SrSC3yggkWhcSL0O1KSz4)
- Licences: [www.kofiu.go.kr/kor/notification/notice_view.do?ntcnYardOrdrNo=194&seCd=0007](https://www.kofiu.go.kr/kor/notification/notice_view.do?ntcnYardOrdrNo=194&seCd=0007)

## Questions and answers

**Is Digital X (formerly Korbit) regulated?**

Yes. Digital X Co., Ltd. is registered with Korea's Financial Intelligence Unit (FIU) as a virtual asset service provider (registered 20 October 2021), and Shinhan Bank provides its real-name KRW accounts.

**Does Digital X publish proof of reserves?**

It publishes its virtual asset holdings and wallet addresses, an external accounting firm inspects them quarterly, and DAXA publishes its daily balance reconciliation.

**What are Digital X's fees?**

The base trading fee in the KRW market is 0.1% (1 October 2026); trading is free for one year from 24 August 2026 under a promotion.

**Who owns Digital X?**

Mirae Asset Consulting, an affiliate of Mirae Asset Group, holds 97.15% (24 July 2026).

**Has Digital X faced enforcement action?**

Yes. On 31 December 2025 Korea's FIU decided to impose an institutional warning and a fine of 2.73 billion won on Korbit for anti-money-laundering violations.

**Is Digital X the same exchange as Korbit?**

Yes. The operating company 주식회사 코빗 was renamed 디지털엑스 주식회사 on 11 August 2026, and the service was renamed from Korbit to Digital X on 16 September 2026.

**Which stablecoins can be traded for Korean won on Digital X?**

USDT, USDC, USDS, RLUSD and FDUSD (29 October 2026). USDT is deposited and withdrawn on Tron and Ethereum, USDC on Ethereum, Base, Arbitrum and Arc.

**Which bank does Digital X use for Korean won?**

Shinhan Bank. Won can be deposited and withdrawn only through the user's own Shinhan Bank account.

## Sources

- [DART (Financial Supervisory Service) — 2025 audit report](https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260414001243)
- [DART (Financial Supervisory Service) — company profile](https://dart.fss.or.kr/dsae001/selectPopup.ax?selectKey=01221743)
- [DART (Financial Supervisory Service) — change in largest shareholder holdings](https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260731000124)
- [Korea Financial Intelligence Unit — virtual asset service provider register (30 September 2026)](https://www.kofiu.go.kr/kor/notification/notice_view.do?ntcnYardOrdrNo=194&seCd=0007)
- [Financial Services Commission — FIU sanction on Korbit](https://www.fsc.go.kr/no010101/85984)
- [KISA — ISMS-P certification register](https://isms-p.or.kr/sttus/cert/selectCrtfctIsueList.do)
- [DAXA — trading fee comparison](https://kdaxa.org/disclosure/charge.php)
- [DAXA — balance reconciliation disclosures](https://kdaxa.org/disclosure/reconciliation.php)
- [Digital X — exchange holdings disclosure](https://insights.digitalx.miraeasset.com/reserves)
- [Digital X — public API (currency pairs)](https://api.korbit.co.kr/v2/currencyPairs)
- [Digital X — public API (currencies)](https://api.korbit.co.kr/v2/currencies)
- [Digital X — FAQ](https://digitalx.miraeasset.com/faq/list/?article=4SX5x6BD8JUPaMAWHlrvWa)
- [Digital X — FAQ](https://digitalx.miraeasset.com/faq/list/?article=6q6X9fy7RsMuTevWYGBjDB)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=zXdKd7A4gEG0abpe6VbMv)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=1326NIgTtGFUIao3V7dD17)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=78J8zIHF1xXAbcsImmOy4T)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=3LeWY4dt4tdvzvFFy3fdby)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=kWQI89vxxkow4uXWfxX3c)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=4VPZQ0BT3UHTO92lTOhhFk)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=6ZQemQAkXJnZDuQ6aSx1RS)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=3TzUtvbQKPyQGwgWTnFfnZ)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=4I2XTU3WIlGniG3mdcSuaF)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=7qgqbKiTEexRwNWXMlWtgx)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=5GYMLMEeJs00JQLxuMQc2N)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=6G5J3Ndmh3DPHHPELYbFOx)
- [Digital X — FAQ](https://digitalx.miraeasset.com/faq/list/?article=3qhYWBKGXnuY149fo9IZdx)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=2mf4EuexVE56booF1HS98v)
- [Digital X — notice](https://digitalx.miraeasset.com/notice/detail/?noticeId=1t7YLC3KrUdkuB49OraH1U)
- [Digital X — FAQ](https://digitalx.miraeasset.com/faq/list/?article=5yGKgodofj74sc7rEV0YgN)
- [FCA Financial Services Register](https://register.fca.org.uk/s/search?q=korbit&type=Companies)
- [FCA: cryptoassets AML/CTF regime](https://www.fca.org.uk/firms/financial-crime/money-laundering-terrorist-financing/cryptoassets-aml-ctf-regime)
- [FinCEN MSB Registrant Search](https://msb.fincen.gov/)
- [NYDFS: virtual currency businesses](https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses)

## More in this section

- [Kraken](https://revain.org/exchanges/kraken/)
- [P2B](https://revain.org/exchanges/p2pb2b/)
- [Bybit](https://revain.org/exchanges/bybit/)
- [Crypto.com Exchange](https://revain.org/exchanges/crypto-com-exchange/)
- [Coinbase Exchange](https://revain.org/exchanges/gdax/)
- [Bitfinex](https://revain.org/exchanges/bitfinex/)
- [All Exchanges →](https://revain.org/exchanges/)

## Related

- [Bithumb](https://revain.org/exchanges/bithumb/)
- [Coinone](https://revain.org/exchanges/coinone/)
- [Upbit](https://revain.org/exchanges/upbit/)
- [HTX](https://revain.org/exchanges/huobi/)
- [Gate](https://revain.org/exchanges/gateio/)
- [Poloniex](https://revain.org/exchanges/poloniex/)
- [CEX.IO](https://revain.org/exchanges/cexio/)
- [KuCoin](https://revain.org/exchanges/kucoin/)

## How voting works

Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.

Page updated: 2026-11-01

---
Source: https://revain.org/exchanges/korbit/