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[Press Release] Upbit Exchange Launches ICX Promotion in Indonesia


[Jakarta, Indonesia – January 23, 2019] Upbit, the largest crypto-asset exchange in South Korea, announced a major user promotion in Indonesia to celebrate its official launch in the country.

In cooperation with the ICON Foundation, one of the largest blockchain projects in South Korea, Upbit will airdrop 250,000 ICX tokens to the first 2,500 users, with 100 ICX tokens distributed to each user.

With Upbit’s official launch, users in Indonesia can now trade more than 150 crypto-assets in a safe and secure system, which recently obtained three information security certifications (ISO 27001, 27017, 27018) from the International Organization for Standardization. Upbit offers instant Rupiah transactions via virtual account integration and is available both on the web and mobile (iOS and Android).

Alex Kim, the CEO of Upbit APAC said, "Upbit Indonesia is committed to offering the highest standard in trading features, as well as security and compliance systems. We also plan to partner with talented Indonesian companies looking to grow the blockchain ecosystem together."

"This special promotion is one of Upbit's first initiatives to generate user interest in the Indonesian market. We hope to play a key role in growing Indonesia’s blockchain ecosystem," added Resna Raniadi, the Head of Business Development for Upbit Indonesia.

Launched by Dunamu Inc. in 2017, Upbit has emerged as one of the largest crypto-asset exchanges in the world. Indonesia is the third country to offer Upbit’s globally renowned service and is expected to play a key role in the exchange’s Asia-Pacific expansion strategy.