FOBLGATE Exchange Data

Founded in January 2019 and launched in July of the same year, FOBLGATE has established itself as a premier centralized cryptocurrency exchange in South Korea. Operating under the vision of "A New Challenge and Innovation in Finance," the exchange has rapidly emerged as a market leader in Korea. ## Key Characteristics: * Regulatory Compliance: Obtained Information Security Management System (ISMS) certification and completed reporting to the Financial Intelligence Unit (FIU) in compliance with the Special Financial Transaction Information Act implemented in September 2021. * Security System: Developed an Anti-Money Laundering (AML) system in collaboration with GT1, which has experience building AML systems for 100 domestic and international companies, including Samsung Securities and Kakao Bank. * Travel Rule Compliance: Implemented a dual-track Travel Rule solution by adopting 'Verify VASP' from Lambda256 and CODE, ensuring advanced transaction security and transparency. ## Market Share: As of April 2024, FOBLGATE leads the cryptocurrency exchange market with a 93.81% market share among the NON-KRW exchanges with trading volume. ## Recent developments: * Received on-site consulting from the Financial Supervisory Service(FSS) in March 2024 and completed preliminary document submission for Virtual Asset Service Provider (VASP) renewal in September. * In February 2024, initiated secure deposit and withdrawal services with Binance through Verify VASP's account owner verification service. ## Unique Positioning: FOBLGATE has established itself as a key player in the Korean cryptocurrency market by consistently focusing on: * Regulatory compliance * Advanced security measures * Technological innovation. * Transparent operational practices The exchange continues to evolve, positioning itself as a reliable and forward-thinking platform in the rapidly changing cryptocurrency ecosystem