Foblgate

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