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Upbit Partners Indonesia for Crypto Ecosystem Growth
6 Apr
Summary
- Upbit and Indonesia Crypto Exchange signed an MOU for collaboration.
- The partnership aims to accelerate Indonesia's regulated crypto market.
- Upbit will provide technical and operational expertise to ICEx.
Upbit, a leading digital asset exchange from South Korea, has entered into a Memorandum of Understanding (MOU) with Indonesia Crypto Exchange (ICEx), a licensed Indonesian digital asset bourse. This strategic framework is designed to foster technical and operational collaboration, with the primary goal of accelerating the development of Indonesia's regulated crypto ecosystem.
The partnership, formalized at Upbit's Seoul headquarters, signifies a commitment to building a sustainable and well-governed digital asset market. Upbit will share its core platform technology and operational expertise, including matching engines and risk management systems, to establish a resilient and compliant trading venue in Indonesia.
This alliance also seeks to drive innovation in areas such as custody solutions and regulatory technology. Upbit's extensive experience in maintaining high standards of investor protection and regulatory compliance, as demonstrated in South Korea, will be instrumental in supporting ICEx's growth.
ICEx operates under the supervision of Indonesia's Financial Services Authority (OJK), aligning with the country's three-layer regulatory framework. The MOU was announced on April 1st, 2026, during the Korea-Indonesia Business Partnership for Resilient Growth Forum, highlighting the strategic importance of digital finance innovation between the two nations.
