Korbit Achieves SOC 1 Certification, Elevating Trust in Korea’s Cryptocurrency Landscape

Korbit, Korea’s pioneering cryptocurrency exchange, announced today its attainment of SOC 1 certification, marking a significant milestone. The certification, obtained through rigorous evaluation by Samdeok Accounting, confirms Korbit’s robust internal controls over financial reporting, aligning with global standards set by AICPA and IAASB.

This certification underscores Korbit’s commitment to transparency and reliability, enhancing its appeal to corporate entities and regulatory authorities alike. With SOC 1 certification, Korbit joins the ranks of esteemed international exchanges like Coinbase and Gemini, positioning itself as a trusted platform for cryptocurrency trading.

CEO Oh Se-jin emphasized Korbit’s dedication to meeting the evolving demands of the cryptocurrency market, especially amidst increasing corporate interest following regulatory developments like the approval of Bitcoin spot ETF in the U.S. Going forward, Korbit aims to further solidify its reputation as a premier exchange for both individual and corporate investors.

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