Is Upbit-MB among the initial 5 pilot exchanges?

According to the March 2026 shortlist, the 5 pilot exchanges are CAEX, TCEX, VIXEX, SCEX/Sacom, and Sun Group — Upbit-MB is not on this list. However, the Ministry of Finance may open additional slots for Korean partnerships in Q3-Q4 2026 or grant a separate license.

When will Upbit-MB launch?

There is no official timeline yet. I estimate Q3-Q4 2026 if a license is granted, or early 2027 if more compliance time is needed. Monitor MB Bank's announcements.

Is Upbit safe after the 2019 hack history?

After the 2019 hack, Upbit fully compensated users and improved security with multi-sig, enhanced cold storage, and a partnership with SK Telecom for infrastructure. There have been no major hacks in 6+ years. I consider Upbit acceptably safe for moderate on-exchange amounts, but still recommend self-custody (Ledger) for larger holdings.

Should I prioritize CAEX or Upbit-MB?

CAEX has the advantage of an earlier launch (licensed June 2026) and a crypto-friendly brand. Upbit-MB has the advantage of deep crypto expertise. I recommend testing both upon launch. CAEX could be the default choice for the first 6-12 months, while Upbit-MB is an upgrade if its product proves superior.

What advantages do MB Bank users have when using Upbit-MB?

Expect UX integration with the MB Bank app, such as single sign-on, fast VND deposit/withdrawal within seconds, and potentially a special rewards program for MB Bank users. Details will be announced upon launch.