Digital assets and Fiat deposit Due Diligence report (as of July 1st, 2025)

Dear Upbit Users,

Since June 28, 2018, Upbit has regularly undergone due diligence by external accounting firms to verify that the assets held by Upbit exceed the total amount of user deposits. The purpose of this process is to demonstrate that Upbit securely maintains all user-deposited assets and holds a sufficient amount greater than the total of its users' assets. Through this regular process, Upbit consistently confirms that it holds more than 100% of the fiat and each digital asset compared to user holdings.

Please refer to the "Digital Asset and Deposit Due Diligence Report" as of Jul 1, 2025, which was released by BDO Sunghyun Accounting Firm.

Due Diligence result

• According to the report, Upbit securely holds 103.34% of the Digital assets payable to customers.
• According to the report, Upbit securely stores 106.85% fiat payable to customers.

Due Dilligence Summary

• Conductor : BDO Sunghyun Accounting Firm
• Timeline : Jul 1st, 2025 00:00
• Subject : 254 Digital assets and fiat deposited by customers
• Period : Jun 27th, 2025 – Jul 22nd, 2025
• Methodology :
  • Digital assets : Checking digital assets balance of wallets developed internally by Dunamu Inc and staking addresses
  • Fiat deposit : Checking the balance certificates of each financial institution's account based on the account statements of fiat deposits and cash and cash equivalents held by Dunamu Inc.
  • Venue : DUNAMU's Head office and data centerClick to see the Due Diligence report

Upbit holds more digital assets and KRW than the total amount of assets deposited by our customers. (Holds 100% or more reserves for each digital assets)

Thank you.

※ If there is any discrepancy between the translated English version and the original Korean version, the Korean version shall prevail.