Digital Asset eXchange Alliance (DAXA)
디지털자산거래소 공동협의체
Joint body of Korea's won-market crypto exchanges
South KoreaAssociation
South KoreaAbout
The Digital Asset eXchange Alliance (DAXA) is the joint self-regulatory body of Korea's five won-market crypto exchanges: Upbit, Bithumb, Coinone, Korbit and Gopax. It was formed in June 2022. Its first chair was Lee Seok-woo, former chief executive of Upbit operator Dunamu.
Oh Se-jin, chief executive of Korbit, has chaired DAXA since January 2025. DAXA sets common standards for its members, starting with shared listing review guidelines in October 2022. It has since added risk indicators, internal control and ethics standards, advertising and transaction monitoring rules, and in May 2026 a standard to stop the improper lending of API keys used for price manipulation. It also publishes market disclosures and works with the Financial Intelligence Unit.
DAXA has moved into policy research. In September 2025 it set up a Digital Asset Market Research Group with the Korea Capital Market Institute, whose first report analysed the US GENIUS Act and digital asset bills in the 22nd National Assembly. In April 2026 it published a policy collection covering won stablecoins, capital-flow management, stablecoin risk management and tokenised real-world assets. Because it speaks for all five won-market exchanges, its standards and positions carry weight in the debate on the second-phase digital asset law.
Policy engagement
Published its 2026 Digital Asset Policy Collection (Apr 2026) with recommendations on won stablecoins, stablecoin risk management and tokenised real-world assets, and co-runs policy seminars with lawmakers.
Key actions
Co-hosted Tokenomics Korea 2026 with Financial News, where chair Oh Se-jin called for the private sector and government to work together on the Digital Asset Basic Act.
SourceReferred 12 illegal crypto operators, including eight OTC desks and four offshore exchanges serving Korean users, to the police after a three-month joint investigation with registered exchanges.
SourcePublished its 2026 Digital Asset Policy Collection with analysis and recommendations on won stablecoins, stablecoin risk management and tokenised real-world assets.
SourceLaunched a Digital Asset Market Research Group with the Korea Capital Market Institute and released its first report on the GENIUS Act and Korean digital asset bills.
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