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Data refreshed 6 Nov 2026 · Compiled by Charlie Williams
Trust score 8 / 10 · Trust rank #24 · Founded 2021
Bullish is a cryptocurrency exchange that provides a secure and efficient trading environment for digital assets. You will benefit from its advanced liquidity features and automated market-making technology, which aim to enhance…
Read the Bullish review
Trust score 8 / 10 · Trust rank #27 · Founded 2017
Upbit is a cryptocurrency exchange known for its user-friendly interface and comprehensive range of digital assets. It provides you with access to a wide variety of cryptocurrencies and offers competitive trading fees.…
Read the Upbit reviewBullish and Upbit are both centralized exchanges. Bullish (founded 2021, headquartered in Gibraltar) ranks #24 on our trust rank, reports $2.11B in 24-hour trading volume and lists 40 coins across 88 trading pairs. Upbit (founded 2017, headquartered in South Korea) ranks #27 on our trust rank, reports $1.14B in 24-hour trading volume and lists 346 coins across 553 trading pairs. The two overlap in 1 countries; Bullish is available in 51 countries where Upbit is not, and Upbit in 0 where Bullish is not.
Scored on 7 measurable dimensions where both exchanges have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | Bullish | Upbit |
|---|---|---|
| Trust score | 8 / 10 | 8 / 10 |
| Trust rank | #24 | #27 |
| 24h trading volume | $2.11B | $1.14B |
| Coins listed | 40 | 346 |
| Trading pairs | 88 | 553 |
| Founded | 2021 | 2017 |
| Headquarters | Gibraltar | South Korea |
| Exchange type | Centralized (CEX) | Centralized (CEX) |
| Countries available | 52 countries | 1 countries |
| Licences / registrations | BaFin, MiCA licence - Germany, Securities and Futures Commission (SFC) - Hong Kong | Korea Financial Intelligence Unit (KoFIU), VASP registration - South Korea, Securities and Exchange Commission (SEC Thailand) - Thailand (through Upbit Exchange), Monetary Authority of Singapore (MAS) - Singapore (through Upbit Singapore Pte. Ltd.) |
| Trading types | Derivatives, Spot | Spot |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that exchange — we never fill gaps with estimates.
Available at both (1): South Korea.
Only Bullish (51): Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, Colombia, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy and 26 more.
Availability reflects the countries each exchange declares it serves. Local rules change; confirm on the exchange's own site before signing up.
Bullish reports the higher 24-hour trading volume ($2.11B vs $1.14B), based on the latest market data in our catalogue.
Upbit lists more coins: 40 at Bullish versus 346 at Upbit.
Bullish has the higher trust score (8 / 10 vs 8 / 10). The score reflects liquidity, scale of operations and cyber-security signals as tracked in our catalogue.
Upbit is the older of the two, founded in 2017; Bullish was founded in 2021.
They overlap in 1 countries. Bullish is additionally available in 51 countries (Argentina, Australia, Austria, Belgium, Brazil, Bulgaria and 45 more) and Upbit in 0 countries ().
Risk warning: cryptoassets are highly volatile and largely unregulated in many jurisdictions. You may lose the entire amount you deposit. Nothing on this page is financial advice; check availability and terms with the exchange before opening an account. Full risk disclosure.