Deepcoin Expands to South Korea with CODE Compliance Integration

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In a significant move that underscores its commitment to global regulatory standards, Deepcoin, a leading cryptocurrency exchange serving over 10 million users worldwide, has become the first overseas platform in 2025 to integrate with CODE (Connect Digital Exchanges), South Korea’s premier Travel Rule compliance solution. This integration marks a pivotal step in Deepcoin’s strategy to strengthen security, ensure transparency, and expand its footprint across Asia—particularly in the rapidly growing South Korean crypto market.

👉 Discover how top exchanges are meeting global compliance standards in 2025.

What Is the CODE Compliance Solution?

CODE, or Connect Digital Exchanges, is a unified Travel Rule compliance framework jointly developed and adopted by three of South Korea’s largest cryptocurrency exchanges: Bithumb, Korbit, and Coinone. Designed to meet the regulatory requirements set forth by the Financial Action Task Force (FATF), CODE enables Virtual Asset Service Providers (VASPs) to securely share sender and recipient information during digital asset transfers—ensuring traceability and reducing risks associated with money laundering and terrorist financing.

Under South Korea’s revised Special Financial Transaction Information Act enacted in March 2021, all local and foreign VASPs must comply with the Travel Rule when processing transactions valued at or above 1 million KRW (approximately $806.68). This includes collecting and transmitting critical data such as full names and wallet addresses for both parties involved in the transfer.

By integrating with CODE, Deepcoin can now seamlessly interact with major Korean exchanges, enabling compliant deposits and withdrawals while fostering interoperability among regulated platforms.

Strengthening Global Compliance and Security Standards

Deepcoin has long emphasized security, transparency, and innovation as core pillars of its platform architecture. With this latest integration, the exchange reinforces its mission to build a robust, compliant trading ecosystem that aligns with evolving international regulations.

The journey to CODE certification was rigorous—spanning nearly a year of audits, technical integrations, and compliance reviews. As only the seventh overseas exchange to join the CODE VASP network—and following in the footsteps of industry giants like OKX and Bybit—Deepcoin’s inclusion highlights its credibility and dedication to regulatory adherence.

Ego, Founder and CEO of Deepcoin, stated:

“We are committed to building a safer, more transparent crypto ecosystem. This integration is not just about compliance—it's about trust. After securing our Dubai DMCC license in September 2023, connecting with CODE represents another milestone in our global compliance roadmap. We’re setting new benchmarks for accountability in digital asset trading.”

This dual achievement—regulatory recognition in both the Middle East and Asia—positions Deepcoin as a forward-thinking player in the global crypto landscape.

Why South Korea Matters for Crypto Growth

South Korea remains one of the most dynamic markets in the blockchain space. According to data compiled by CCData, in November 2023, the South Korean won (KRW) surpassed the U.S. dollar (USD) as the most traded fiat currency against cryptocurrencies globally—a testament to the country’s vibrant retail investor base and advanced digital infrastructure.

Several factors contribute to this momentum:

For international exchanges like Deepcoin, gaining access to this ecosystem through formal compliance channels like CODE is essential—not only for market entry but also for building long-term trust with users.

👉 See how emerging markets are shaping the future of crypto trading.

Advancing Responsible Innovation in Asia

Deepcoin’s integration with CODE goes beyond mere regulatory obligation—it reflects a strategic vision to promote responsible innovation across Asia. By enabling secure, transparent cross-border transactions, the platform supports greater financial inclusion while adhering to anti-money laundering (AML) and counter-terrorism financing (CFT) principles.

This development also enhances user experience. Traders in South Korea can now engage with Deepcoin knowing their transactions meet national compliance standards. Meanwhile, global users gain smoother access to KRW-denominated markets—an increasingly important gateway for liquidity and price discovery.

Moreover, being part of the CODE network fosters collaboration between VASPs. It encourages shared best practices in cybersecurity, customer verification (KYC), and transaction monitoring—ultimately contributing to a more resilient digital economy.

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These terms reflect high-intent queries from users seeking information on compliant exchanges, regulatory developments in Asia, and secure platforms for digital asset trading.

Frequently Asked Questions (FAQ)

What is the Travel Rule in cryptocurrency?

The Travel Rule, defined by the Financial Action Task Force (FATF), requires Virtual Asset Service Providers (VASPs) to collect and share identifying information—such as name and wallet address—for both senders and recipients when transferring digital assets above a certain threshold (1 million KRW in South Korea).

Why is CODE important for crypto exchanges?

CODE provides a standardized, secure method for South Korean and international exchanges to comply with the Travel Rule. Integration allows seamless, compliant transactions between member platforms, enhancing trust and interoperability.

Is Deepcoin licensed to operate in South Korea?

While Deepcoin is not domestically licensed in South Korea, its integration with the CODE compliance solution enables it to meet regulatory requirements for cross-border transactions with Korean exchanges—demonstrating its commitment to operating within legal frameworks.

How does CODE prevent money laundering?

By mandating the exchange of user data during transfers, CODE increases transaction transparency. This makes it harder for illicit actors to anonymize funds through rapid movements between exchanges—a key goal of global AML initiatives.

Can I deposit KRW directly into my Deepcoin account?

Currently, direct KRW deposits may not be available depending on regional restrictions. However, integration with CODE paves the way for future fiat on-ramps through partnered institutions or third-party payment gateways compliant with Korean regulations.

What other exchanges are part of the CODE network?

As of 2025, six major international exchanges—including OKX and Bybit—are confirmed members of the CODE VASP alliance. Deepcoin joins them as the seventh approved overseas platform.

👉 Learn how compliant exchanges are protecting user assets in 2025.

Final Thoughts: A New Era of Global Compliance

Deepcoin’s successful integration with the CODE compliance solution represents more than just a technical upgrade—it symbolizes a broader shift toward accountability in the digital asset industry. As regulators worldwide tighten oversight, exchanges that proactively adopt compliance frameworks will lead the next phase of crypto adoption.

By embracing regulation without sacrificing innovation, Deepcoin sets a precedent for how global platforms can operate securely across borders while delivering exceptional user experiences. Its expansion into South Korea is not just a market move—it's a statement of intent: to build a safer, smarter, and more connected financial future.