Upbit Partners with ICEx to Strengthen Crypto Exchange and Investor Protection

JAKARTA, KOMPAS.com – The global cryptocurrency exchange Upbit, operated by Dunamu Inc., has signed a Memorandum of Understanding (MoU) with Indonesia Crypto Exchange (ICEx) to strengthen the development of digital asset infrastructure in Indonesia.

The signing of the MoU establishes a strategic framework for technical and operational collaboration.

The aim is to accelerate the development of a regulated crypto ecosystem domestically and support sustainable and managed market growth.

Dunamu CEO Kyoungsuk Oh hosted an Indonesian delegation comprising government officials, representatives from the Indonesian Chamber of Commerce (Kadin), and industry players.

Kadin’s presence in the meeting underscores efforts to integrate the digital asset ecosystem into Indonesia’s broader commercial landscape.

In the discussions, Dunamu leaders and Kadin representatives explored plans to bridge South Korean technology with Indonesia’s market potential.

Under this cooperation framework, Upbit will provide core platform technology support as well as operational expertise to build and operate a robust and regulation-compliant digital asset trading system.

This support includes key exchange infrastructure such as transaction matching systems, risk management, and market operations.

Additionally, the collaboration will explore innovations in custody and strengthen regulatory technology to enhance oversight, compliance, and reporting.

Quoted from a press release on Friday (3/4/2026), Upbit stated that it is positioning itself as a key infrastructure partner in Asia in supporting the development of safe, transparent, and trusted digital asset markets.

The collaboration with ICEx is described as an important milestone in expanding that role.

Previously, Upbit had also received a high-level delegation from Vietnam to introduce the digital asset exchange infrastructure it has developed.