Bullish vs Upbit 2026
Both records check out. What separates them is how you trade.
The case for Bullish rests on tighter spreads; Upbit pulls ahead where a trader weighs more listed coins (200 vs 60) more heavily.
Head to head
| Bullish | Upbit | |
|---|---|---|
| Primary regulator | GFSC (Gibraltar DLT) Registered | FIU (South Korea VASP) Registered |
| Regulation tier | offshore | offshore |
| Min deposit | None | None |
| Taker fee | 0.1% taker | 0.25% taker |
| Listed coins | 60+ | 200+ |
| Native platform | Standard | Standard |
| Copy trading | No | No |
| Spot self-custody | Custodial | Custodial |
| Inactivity fee | None | None |
| Founded | 2021 | 2017 |
| Headquarters | Cayman Islands | Seoul, South Korea |
Regulation: Bullish vs Upbit
Bullish operates as Bullish (GI) Limited under GFSC (Gibraltar DLT). This is a lighter-touch registration with fewer customer protections than major frameworks such as the FCA cryptoasset register, MiCA CASP or a NYDFS licence.
Upbit operates as Dunamu Inc. under FIU (South Korea VASP). This is a lighter-touch registration with fewer customer protections than major frameworks such as the FCA cryptoasset register, MiCA CASP or a NYDFS licence.
Both files sit under tier-1 authorities, and neither reads as the safer record on paper.
Trading fees
Bullish's taker fee is 0.1% taker. Upbit's taker fee is 0.25% taker. Bullish offers lower trading fees.
Bullish does not charge an inactivity fee. Upbit does not charge an inactivity fee.
Platforms and tools
Both Bullish and Upbit provide native web and mobile trading platforms.
Neither exchange offers copy trading.
Minimum deposit
Bullish requires a minimum deposit of None. Upbit requires None. Both require the same initial deposit.
Keep in mind that the opening figure shifts with account type and with the entity that maps to your country. An offshore book can set the bar below the tier-1 entity.
Which is better for beginners?
Both platforms are accessible to new traders, though neither is specifically designed as a beginner-only exchange.
Which is better for experienced traders?
Bullish's lower fees (0.1% taker) make it better for high-frequency strategies. Upbit lists more coins (200) for portfolio diversification.
Verdict: Bullish vs Upbit
Bullish is the record to take if tighter spreads is what you are after; its GFSC (Gibraltar DLT) registration (Registered) carries offshore-style latitude.
Upbit reads as the better fit for more listed coins (200 vs 60), with a FIU (South Korea VASP) registration (Registered) that carries offshore-style latitude.
Both files are genuine and on the register. Which one wins is settled by what you actually need at the terminal.
Frequently asked questions
Bullish vs Upbit: which is better?
Bullish is better for tighter spreads. Upbit is better for more listed coins (200 vs 60). If regulation quality is your priority, both have comparable regulation.
Is Bullish or Upbit safer?
Both Bullish (GFSC (Gibraltar DLT) Registered) and Upbit (FIU (South Korea VASP) Registered) are regulated by tier-1 authorities. Both segregate client funds.
What is the minimum deposit for Bullish and Upbit?
Bullish minimum deposit: None. Upbit minimum deposit: None. Minimums vary by entity and account type.
Do Bullish and Upbit have API access?
Both Bullish and Upbit provide native web and mobile platforms.