TechFlow news, on March 20, South Korean cryptocurrency exchange Upbit issued an announcement strongly denying allegations that it charges intermediary fees during the digital asset listing support process. The announcement stated that Upbit evaluates projects through a rigorous internal review process and does not provide trading support under any financial compensation arrangements.
Upbit emphasized that its listing decisions strictly follow the "Trading Support Policy" published on its official website, including steps such as application submission, preliminary review, formal evaluation, resolution by the Trading Support Review Committee, and final commencement of trading support. Regarding media reports, Upbit demanded that the outlets publicly disclose the list of digital asset projects allegedly paying intermediary fees and provide specific evidence and supporting materials for the exchange to verify facts and conduct investigations.
Upbit warned users to beware of illegal intermediaries and false information, stressing that the exchange does not allow external organizations to participate in or mediate trading support procedures—all processes are directly handled by Upbit employees. The exchange stated it will take strict measures, including legal actions, against confirmed illegal intermediaries through its dedicated reporting channel, aiming to maintain a healthy digital asset market environment.
