Crypto Exchange Korbit Launches South Korea's First NFT Marketplace

All transactions on the platform will be carried out in ethereum.

Jun 1, 2021 at 9:58 a.m. UTC
Updated Sep 14, 2021 at 1:04 p.m. UTC

South Korean crypto exchange Korbit has launched a non-fungible token (NFT) trading platform.

  • The NFT marketplace will be South Korea's first, according to an announcement by the company Monday.
  • NFT creators will be able to auction their digital assets on Korbit's website, according to a report by Korea Herald.
  • All transactions on the platform will be carried out using ethereum.
  • “The local NFT market is still in a fledgling stage, compared to global ones, and the Korbit platform will help create synergy between the blockchain ecosystem and various sectors, including art, visual media and gaming,” Korbit CEO Oh Se-jin said.
  • South Korea's crypto ecosystem is surrounded by regulatory clouds at present, with exchanges required to register as virtual asset service providers, a measure designed to enable the state to determine the legality of their operations and to crack down on money laundering and fraud.


The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.