February 9th, 2021
Upbit Lists STX Token in Korea, Indonesia
The Stacks Foundation is pleased to announce that Upbit, the largest digital asset exchange in Korea, will be listing the STX token. We’re excited to see more STX token access worldwide, especially in Korea where this already a very active Stacks community.
By providing a compliant onramp for Koreans, as well as users in other regions Upbit serves, to purchase STX, Upbit will be supporting one of the most active global Stacks communities and empowering more developers to build smart contracts and apps on Bitcoin as a result.

In general, South Korea is one of the most tightly regulated crypto markets, so the listing shows another positive regulatory hurdle crossed by the Stacks token. Upbit has established a reputation as one of the most trusted exchanges in Korea by building on years of experience in traditional stock trading systems at massive scale. The decision by Upbit’s compliance team to list STX in Korea comes after Hiro PBC (Blockstack PBC) published a summary memorandum drafted Wilson Sonsini Goodrich & Rosati, PC (WSGR) which addressed the securities status of Stacks at the launch of Stacks 2.0.

Moving forward, this token liquidity can make it easier for STX holders in Korea to independently stack STX and earn BTC. Listing STX on Upbit represents a big step forward for Upbit and the Korean Stacks community.

To learn more about the STX token listing on Upbit, see Upbit's announcement.


Brittany Laughlin is the Executive Director of the Stacks Foundation. She's spent the last decade working at the intersection of community, capital, and internet collaboration. She tweets at @br_ttany.
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