Upbit Operator Dunamu Partners with Vietnam’s MB Bank
Dunamu partners with MB Bank to launch Vietnam’s first regulated crypto exchange, aligning with new laws.
- Dunamu and MB Bank partner to launch Vietnam’s first regulated crypto exchange.
- Aligns with Vietnam’s new digital asset laws effective in 2026.
- Aims to enhance local market transparency and regulatory compliance.
Dunamu, operator of South Korea’s largest crypto exchange, Upbit, has partnered with Vietnam’s MB Bank to launch Vietnam’s first regulated domestic crypto exchange, formalized by a memorandum signed on August 12, 2025, in Seoul.
This partnership aims to leverage Dunamu’s expertise and MB Bank’s institutional credibility, fostering a secure trading environment aligned with impending regulations expected to transform Vietnam’s digital asset market landscape significantly.
Dunamu, operator of Upbit, has partnered with Vietnam’s MB Bank to establish the first regulated crypto exchange. The move is formalized through a memorandum signed, aligning with upcoming digital asset regulations.
The partnership includes Dunamu providing expertise in technology and compliance, while MB Bank focuses on regulatory framework. Oh Kyoung-suk, CEO of Dunamu, highlights the venture’s potential in Vietnam’s growing crypto sector, stating, “The mixture of Vietnam’s growth potential and Dunamu’s proven Upbit model will give a significant opportunity to go beyond simply establishing a crypto exchange and design the entire national digital financial infrastructure based on trust.”
The partnership is expected to significantly impact Vietnam’s market by improving transparency and reducing reliance on international exchanges. Institutional confidence is poised to rise with a regulated local platform.
Financially, the collaboration leverages MB Bank’s $50 billion asset base. It opens opportunities for local traders and aligns with Vietnam’s new digital asset legal framework, ensuring compliance and investor protection.
Vietnam anticipates a boost in local crypto activities as regulatory frameworks take hold. The initiative marks a significant shift from previous reliance on foreign exchanges.
Data indicates increased trading volume and regulatory security with the partnership. Experts suggest that BTC, ETH, and other major cryptocurrencies are likely to experience higher engagement as the exchange matures.
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