Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Upbit, a South Korean-based cryptocurrency exchange, released today its latest audit reports showing over 100% user fund capitalization in both crypto and fiat. The ‘Digital Assets and Fiat Deposit Audit’ report, was completed by JIAN Accounting Corporation as of Jan 1st, 2021.

Audit Results

“Upbit always holds more money and digital assets than the money and digital assets for the customers. For such reason, upon the customer’s request, we are enabled to withdraw digital assets and fiat without delay.”
– The Upbit Team

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