Digital X exchange profile: the former Korbit, its KRW market and current operating terms

Digital X is the South Korean exchange previously known as Korbit. Its company history records its incorporation into the Mirae Asset group as a subsidiary of Mirae Asset Consulting in July 2026, a legal-name change in August and exchange rebranding in September. This is continuity of an existing venue, rather than a second exchange whose customers should be counted separately. Its established identity dates to 2013; a current verified active-user total was not established.[1]

The public market catalogue inspected on 20 October 2026 contained 190 pairs marked launched and 38 stopped pairs, all quoted in KRW. Every launched pair in that snapshot showed a KRW 5,000 minimum and KRW 1bn maximum order value. These are instrument-level order settings, not personal funding allowances. They also describe availability rather than liquidity: an altcoin’s order book can be much thinner than the headline market count suggests.[4]

The order API supports limit and market orders, with good-till-cancelled, immediate-or-cancel, fill-or-kill and post-only choices where applicable. Post-only cancels an order that would immediately take liquidity. Self-trade prevention is configurable; the documented default does not activate prevention. Multiple subaccounts under the same user are still the same user for this purpose. A strategy that requires passive execution or avoidance of self-matching therefore needs the appropriate order settings.[3]

The grid bot lets the customer choose a range, grid count and arithmetic or percentage spacing. It may first buy coins to supply its sell orders, unless existing holdings are selected and sufficient. Manual cancellation of the bot’s orders can stop the bot; insufficient balances and changes to tick or fee rules can also end it. A displayed recommendation based on previous prices does not make the strategy suitable for a future trend. The customer retains responsibility for its allocation.[5]

The infinity-grid product instead seeks to maintain a chosen coin valuation, selling as value rises and buying as it falls. Its page permits percentage intervals from 0.75% to 5% and suppresses new buys below the selected lower price. The target valuation can require additional cash beyond the initial coin holding. This is a mechanical trading rule, not copy trading, portfolio advice or a promise that realised trading gains will exceed the loss on retained inventory.[6]

Digital X announced a one-year waiver of trading fees starting at 09:00 KST on 24 August 2026, automatically available to all members. The announcement applies it to orders executed from that start and says orders accepted during the free period retain the waiver if filled afterwards. It permits changes with advance notice. Treat the policy as a dated concession, not a permanent zero-cost commitment. The contemporary homepage continues to advertise free trading.[10][20]

The launch notice initially suspended maker incentives, but a later notice introduced a VIP-only programme from 17 September 2026. Rewards are KRW points paid on the fifth of the following month, or next business day. Wash or matched trades and specified overlapping volume promotions are excluded. The notice states a 22% deduction when the reward’s KRW value exceeds 50,000 and possible annual other-income filing obligations. These are conditional rewards separate from the commission charged on a fill.[10][11]

For example, KRW 12bn of qualifying monthly maker turnover produces KRW 1m on the first 10bn and KRW 100,000 on the remaining 2bn: KRW 1.1m before the stated withholding, or KRW 858,000 after a 22% deduction. This illustration assumes all eligibility conditions are met. A larger maker order still bears market and inventory risk, so the rebate does not establish a profitable trade.[11]

THE VIP accepts applications based on either at least KRW 3bn of turnover during the previous month or at least KRW 200m of combined won and crypto holdings within that month, including evidenced activity at other exchanges. Applicants must complete verification and Shinhan linkage and undergo internal review. Published benefits include higher API rate limits, priority attention to delayed transfers, dedicated assistance and events. Meeting the threshold is an application criterion, not automatic approval or a waiver of transfer controls.[12]

An order’s economic cost includes the execution price, slippage and any later withdrawal even when commission is zero. Comparing a KRW price with a foreign USD or stablecoin price also requires a consistent exchange rate and transferable balance. No independent execution-quality study or guaranteed spread was established for this profile.

The local-currency route centres on Shinhan Bank linkage. Digital X’s banking notice introduced 24-hour KRW deposits and withdrawals from 9 April 2025, replacing the former nightly interruption. It retains a possible delay between 00:00 and 00:02 KST on the first of each month. Account-link reset becomes available only 24 hours after linkage. This is service availability, not a guarantee that a reviewed or restricted payment will complete instantly.[14]

The public currency API gives a KRW 1,000 withdrawal charge and KRW 1,000 withdrawal minimum. The table below records selected network tariffs as of 20 October 2026. Its quantity minima and charges are separate fields; the final request must have enough balance for both under the withdrawal workflow. Network fees are denominated in the transferred asset.[13]

Personal deposit and withdrawal capacity must be read from the verified account’s current limit screen. The API also contains broad per-request technical ceilings; those are not proof that a new retail account can transfer that amount. A fully verified public two-tier personal KRW allowance table was not obtainable in this review. Large transfers should therefore be planned around the actual account allowance rather than the maximum spot-order value or API ceiling.[4][13]

The delay policy was reinstated from 15:00 KST on 11 June 2025. Its first-deposit rule covers all crypto withdrawals, while the subsequent-deposit rule covers the value attributable to that deposit. It is an anti-fraud control rather than a blockchain-confirmation requirement. An account can therefore hold or trade the asset while the exchange still prevents an external transfer.[15]

Transfers also depend on the permitted exchange or private-wallet route. The published Travel Rule notice distinguishes transfers at or above KRW 1m from smaller transfers and requires address registration for the approved overseas-exchange/private-wallet routes described there. Its eligible-destination list can change after risk review. The current listing guidance again warns that deposits from unsupported routes or unreported providers may remain uncredited and require a return process. A correctly formatted address and successful on-chain transaction do not override those checks.[16][17]

This is a custodial exchange: balances in the trading account are administered by the operator. The reserve page says customer KRW is held separately from operating funds in Shinhan Bank accounts, with arbitrary withdrawal of those funds restricted. Its crypto coverage calculation compares blockchain-visible exchange wallets with customer balances in the operating database. The page cautions that settlement timing can cause differences and that wallets participating in staking may be omitted from its address list.[18]

Those ratios describe the operator’s published comparison at a particular time. They do not establish an audited whole-company balance sheet, asset quality or the priority and timing of a customer’s claim in insolvency. A ratio above 100% also does not insure against a later security incident or operational interruption.

The disclosure index lists an August 2026 deposit-and-crypto examination report published on 21 September and separate Harmony balance-reconciliation exceptions. The underlying accountant report was not obtained, so this profile does not quote a current accountant conclusion or promote the dashboard to a financial audit. Checking the report’s actual scope and exceptions remains more informative than reading a reserve percentage alone.[19]

The homepage describes cold-wallet storage, two-factor authentication and encrypted communication. Its certificate display gives an ISMS-P period of 21 August 2024–20 August 2027 and an ISO/IEC 27001:2022 period of 11 July 2024–10 July 2027. These are operator-published information-security credentials. Neither the cited display nor the controls establish a universal insurance payout or guaranteed recovery of assets lost through compromised customer credentials.[20][27]

The practical entry requirements are customer verification and the banking link appropriate to the service. A Korean-language platform, a Korean-won balance and an English API do not establish open international onboarding. Eligibility also differs by product: the VIP page excludes under-19 and nonresident applicants unable to complete verification, while the current maker-reward notice further limits that reward to eligible domestic individual members. These programme restrictions should not be mistaken for a complete worldwide account-eligibility schedule.[12][11]

BIZ advertises separated accounts and permissions, corporate-certificate authentication and time-weighted selling orders. Its entity categories are expressly linked to the applicable corporate-access framework. This does not mean that every company can open a KRW trading account, or that an individual account’s commercial terms automatically govern a corporate service. The agreed entity, permissions and funding arrangement should be fixed during onboarding.[26]

The reviewed public material did not establish a recurring inactivity fee or a universal dormant-account reactivation timetable. Those should remain separate from restrictions imposed after overdue verification, a fraud review or a product-specific eligibility failure. A customer returning after a long absence should establish account access and current limits before sending funds.

The current notice API includes a 15 October 2026 notice announcing temporary interruption of the offline centre during relocation. The detailed reopening schedule could not be retrieved, so an older published address is not a promise of currently available walk-in assistance. Use the ordinary contact route to confirm arrangements before travelling. The online trading service and a temporarily interrupted physical office are separate operational questions.[24]

No authorised telephone-dealing fallback or guaranteed outage compensation was established. In a disruption, distinguish an unsubmitted instruction, an accepted order and a completed fill before resending it. Retain order identifiers, timestamps and the displayed error, and use the official support route to establish the account state. This avoids assuming that an unavailable screen means an order did not reach the matching system.

The FSC’s June 2026 release identified Korbit. DAXA’s directory dated 30 September pairs 디지털엑스 주식회사 with Digital X (formerly Korbit) and links the current domain. DAXA is the industry alliance, not the regulator. No new regulatory identifier is inferred from that directory or the corporate rebrand.[22][29][1]

Regulatory history includes an FIU decision announced on 31 December 2025 following its 2024 inspection of Korbit. The FSC described roughly 22,000 customer-verification and transaction-restriction breaches, prohibited dealings with unreported providers and failures in new-product risk assessment. It announced an institutional warning, personnel measures and a KRW 2.73bn penalty decision. The release also expressly said that objections and finalisation of the penalty amount remained to follow. This profile therefore treats that amount as the announced decision, without claiming a subsequently verified final payment or court outcome.[23]

A reported-VASP status does not approve the investment merit of a listed token or guarantee a borrowing strategy. Coin Lending’s own conditions state that it is not a financial product protected under the Capital Markets Act or Financial Consumer Protection Act. The company’s wider financial-group relationship should not be treated as a guarantee from another Mirae Asset entity.[8]

The current legal footer identifies 디지털엑스 주식회사, represented by Oh Se-jin, with Korean business registration number 220-88-61399. Its corporate address is published in Seoul. The legal entity, its parent relationship and the exchange’s former brand should be kept together when reviewing older records, rather than regarding every occurrence of Korbit as a separate counterparty.[21]

The transition notice scheduled the service name change for 16 September 2026 and said existing assets, transaction history and account information would remain, along with deposit, withdrawal and trading methods. The existing app would change through an update. This continuity matters when reconciling earlier statements or regulatory notices: the brand transition did not itself create a new customer balance or erase the predecessor’s operating history.[2]

Operator

디지털엑스 주식회사 (Digital X Co., Ltd.)

Exchange model

Centralised

Service scope

Korean-won spot venue; collateralised coin borrowing, automated trading, advertised staking and separately conditioned corporate services.

Client types

Retail clients; Institutional clients

Pricing publication

Public pricing

Other names

Korbit; 코빗; 디지털엑스

Headquarters

Seoul, South Korea

Covered jurisdictions

South Korea

Pricing scope

Temporary trading-fee waiver; withdrawals and borrowing remain separately priced.

Funding scope

Shinhan-linked KRW and approved crypto networks and destinations.

Custody and asset handling

Custodial exchange balances; published reserve methodology and separate KRW bank accounts.

Client eligibility

Identity verification and the required Shinhan Bank linkage; product and corporate eligibility apply.

Support

Korean telephone, email and KakaoTalk; separate financial-fraud line.

Authorisation and registration scope

The June FSC release identifies Korbit; DAXA’s September directory corroborates the new Digital X name. No newly issued regulatory identifier is asserted.

Exchange metadata checked 20 Oct 2026Source 1Source 2Source 13Source 18Source 21Source 22Source 26

Coin Lending lets a customer borrow crypto against pledged assets. Its current page specifies 30-day terms and forced repayment when the lending ratio reaches 95%, at maturity or on other contractual triggers. The ratio uses the KRW recognised value of the debt divided by recognised collateral value. Borrowed-asset appreciation, collateral depreciation and running charges can all erode the buffer. Quoted collateral and borrowing counts did not populate in the public page, so the live application must establish availability.[7]

At a constant KRW 10m debt value, 0.002% per hour for 30 days equals KRW 144,000, plus a KRW 5,000-equivalent origination deduction. The combined illustrative cost is 1.49% before any forced-repayment charge. Actual charges follow asset valuation and outstanding quantity; this is not a fixed won invoice or a promised annual borrowing rate.

The borrowing conditions pledge collateral and prevent its ordinary trading or withdrawal until release. Partial removal is allowed only within the stated 80% lending-ratio boundary. Failure to renew customer verification can disable voluntary early repayment and collateral adjustment, increasing liquidation exposure. This operational constraint matters as much as the displayed fee: a customer cannot assume that all assets shown in the account remain available to manage a stressed position.[8]

Eligible KRW holders can claim accrued deposit-use payments daily; unclaimed amounts are paid automatically monthly. The notice calculates daily availability after the overnight processing window, states 15.4% withholding and discards sub-won amounts. Rates can change monthly. A current October rate was not verified, so an older advertised annual percentage is not carried forward. This payment is also distinct from staking rewards, trading incentives and the bank’s own deposit-account terms.[25]

The company chronology records its new app and AI agent in October 2026. Its separate developer AI guide assigns responsibility for generated code, orders and transfers to the customer and calls for independent review before live use. It specifically discourages unsupervised setups combining withdrawal permissions, preapproved addresses and automatic approval. The existence of an AI interface therefore does not establish an advisory mandate, a guaranteed result or an obligation to reverse an agent’s transactions.[1][9]

API keys expire after one year and can be limited by permissions and up to 20 allowed IP addresses. The KRW API sends an app notification and still requires the customer to authenticate in the app. The documentation exposes order, fill and transfer histories; it does not establish a complete tax return incorporating outside venues and wallets.[3]

Digital X also maintains a Korean research catalogue covering market structure, custody and digital-asset themes. That provides context for researching a token or strategy, but an exchange-published report remains separate from personalised suitability advice. Its institutional research and the company’s broader ambitions do not establish that every discussed product is available for trading through the retail account.[28]