Korbit is a South Korean cryptocurrency firm base in Seoul and launched in 2013. It was the first exchange to launch a Bitcoin-Korean Won (BTC/KRW) market. It’s primary features include facilitating buying, selling, and secure storage of a broad spectrum of digital assets, encompassing major cryptocurrencies including Bitcoin and Ethereum, alongside numerous altcoins, primarily through KRW pairings.

Beyond these core trading functions, Korbit users can engage in crypto-to-crypto trading, utilize the platform’s dedicated digital asset wallet, and participate in staking services to earn rewards on their holdings. Korbit also operates a non-fungible token (NFT) marketplace and provides tools such as automated trading, recurring investment options, and bundled asset purchases.

Korbit employs employs robust security measures including multi-factor authentication and substantial cold wallet storage. The exchange is committed to full compliance with South Korea's stringent financial regulations, encompassing comprehensive anti-money laundering (AML) and know-your-customer (KYC) procedures and collaboration with domestic financial institutions such as Shinhan Bank for verified real-name accounts.

Team members
We currently don't have any public team members for
Korbit
Related Articles
We currently don't have any published resources on
Korbit
Related Projects
Blade Wallet

Blade Wallet is a non-custodial Web3 digital wallet primarily designed for the Hedera Hashgraph ecosystem. It offers users a secure and seamless way to manage their Hedera native HBAR and Hedera Token Service (HTS) tokens as well as non-fungible tokens (NFTs). It emphasizes enterprise-grade security with certification from third-party audit firms including CertiK. 

It is available on mobile for iOS and Android and as a Chrome browser extension. Blade Wallet provides self-custody with user-friendly interface. Its key features include native HBAR staking, an integrated NFT gallery, and the ability to buy HBAR and USDC directly in-wallet through partnerships with fiat on-ramp services with MoonPay and Banxa. The wallet also facilitates interaction with decentralized applications (DApps) within the Hedera network.

Blade Wallet also features dual network capabilities, allowing users to access and manage assets on both the Hedera and Ethereum blockchain networks from within the same wallet. This includes support for in-wallet cross-chain swaps between ecosystems which can be facilitated by integrations with services such as Changelly. Blade Wallet also supports integration with Ledger hardware wallets for users additional asset security.

Shinhan Bank

Shinhan Bank is one of South Korea's largest and oldest commercial banks, with a history dating back to 1897. It offers a comprehensive range of financial services, including personal and corporate banking, foreign exchange, wealth management, and investment banking with a focus on digital innovation. It is a member of the Hedera Governing Council.

Its parent company is the Shinhan Financial Group, a major financial holding company in Korea with a significant domestic market share and an expanding international presence across Asia, Europe, and North America.

Shinhan Bank offers a blockchain-based loan management platform through a partnership with the Small Business Market Promotion Corporation (SEMAS). It has also launched a blockchain credentialing system for verifying loan documents and an integrated blockchain-based Decentralized ID (DID) for its mobile banking app, SOL.   

Additionally, Shinhan Bank previously partnered with Standard Bank to develop a cross-border remittance system using stablecoins built on the Hedera distributed blockchain network. This enables the issuance and trading of stablecoins pegged to national currencies such as the South Korean won and South African rand utilizing Hedera's Token Service (HTS) and Consensus Service (HCS). 

Hyundai Motor Car Parts Tracking

Hyundai Motor Company has launched the Supplier CO₂ Emission Monitoring System (SCEMS)—an AI‑powered, blockchain‑based platform built on the energy‑efficient and highly scalable Hedera Network. SCEMS tracks carbon emissions across Hyundai’s entire supply chain, including raw material sourcing, manufacturing processes, and transportation, ensuring data integrity, transparency, and real‑time visibility. B

By leveraging Hedera’s robust Distributed Ledger Technology, Hyundai securely collects and verifies environmental data, enabling accurate measurement, predictive forecasting, and compliance with emerging global emissions standards.

This solution simplifies and automates supplier reporting while strengthening stakeholder and investor confidence in the veracity of carbon data. Hyundai’s adoption of SCEMS exemplifies a real‑world enterprise use case within the Hedera ecosystem, demonstrating how sustainability-driven innovation can be powered by trusted, high‑performance DLT.

Bonzo Finance

Bonzo Finance is an open-source, non-custodial lending and borrowing protocol built on the Hedera network. It is a fork of the popular Aave v2 protocol and is designed to serve as "The Liquidity Layer" for the Hedera DeFi ecosystem.

The core of Bonzo Finance's service is its decentralized platform that allows users to lend and borrow a variety of cryptocurrencies, with a focus on HBAR, native USDC, and other Hedera ecosystem assets. Users supply crypto to the protocol to earn interest, provide liquidity, and as collateral for loans. 

Bonzo Finance also offers "flash loans," which are uncollateralized loans that must be repaid within a single transaction. It has its own governance token, $BONZO.

Bonzo Finance is built on the Hedera Smart Contract Service, and it is designed to be fully compatible with the Hedera Token Service (HTS). It also utilizes the Hedera Consensus Service (HCS) for its verifiable points and rewards program.