Korbit, founded in 2013, is heralded as Korea’s first cryptocurrency exchange. It operates under the slogan, "Buy, Sell and Trade in the Most Reliable Cryptocurrency Platform," and has secured early backing from heavyweight investors such as SoftBank, Pantera, Tim Draper, and DCG.
A strategic partnership with Shinhan Bank, the nation's leading bank, underscores Korbit's commitment to regulatory compliance, making it one of the Big Four exchanges offering KRW on/off-ramp. In 2017, Korbit was acquired by NXC, integrating it into a family that includes Nexon (TYO:3659), a prominent gaming company listed on the Tokyo Stock Exchange.
With headquarters in Gangnam, Seoul, Korbit envisions a future where traditional and new asset forms are digitized via blockchain. The company strives to enable widespread participation in this new blockchain-backed economy. The most recent investment was a KRW90.00B Series B funding round in late 2021, led by SK Square.