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

Visitor ratings: do you like Digital X (Korbit)?

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. ↗
Korbit and Digital X are the same exchange: the service was renamed from Korbit to Digital X on 16 September 2026. ↗
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%). ↗
Korean won can be deposited and withdrawn only through the user's own Shinhan Bank (신한은행) account; other banks cannot be linked. ↗
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. ↗
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). ↗
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. ↗
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. ↗
Suspected voice-phishing fraud can be reported to the Digital X fraud reporting centre on 1661-9766, open 24 hours. ↗
Personal wallet addresses are registered for transfers after two-factor authentication, by approving a signature request in the wallet itself. ↗

Services

Services — Digital X (Korbit)
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

Licences and registrations — Digital X (Korbit)
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)
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
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
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
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

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

Fees — Digital X (Korbit)
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

History — Digital X (Korbit)
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
Proof of reserves: insights.digitalx.miraeasset.com/reserves
Fees: digitalx.miraeasset.com/faq/list/?article=5SrSC3yggkWhcSL0O1KSz4
Licences: 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

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Page updated: 2026-11-01