Korbit

Korbit

Korbit is the first company in the world to start with the Wonhwa Bit Coin Exchange, leading the construction of the Bitcoin ecosystem. Learn more
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DateInvestorsAmountRound
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$116k

Seed

$400k

Seed

$3.0m

Series A

$3.0m

Series A

N/A

Series A

$80.0m

Acquisition
Total Funding€5.9m

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Korbit is a prominent cryptocurrency exchange based in South Korea, specializing in the trading of digital assets such as Bitcoin, Ethereum, Ripple, and Tether. The platform caters to individual investors, traders, and institutions looking to engage in the cryptocurrency market. Operating in the rapidly evolving digital asset market, Korbit provides a secure and user-friendly environment for buying, selling, and storing cryptocurrencies. The business model revolves around facilitating transactions and offering various trading pairs, while generating revenue through transaction fees, although they often run promotions with zero trading fees to attract users. Korbit also offers an API for developers to integrate trading functionalities into their own applications, enhancing the ecosystem's versatility. The company aims to provide a seamless trading experience with robust security measures to protect user assets.

Keywords: cryptocurrency, digital assets, Bitcoin, Ethereum, Ripple, Tether, trading platform, secure transactions, zero fees, API integration, South Korea.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.