Hello. This is Upbit, the most trusted digital asset exchange.
The key usage criteria for the Coin Borrowing service will change starting from Thursday, 2026-04-09.
We are informing you about the restructuring, including the expansion of borrowable assets and collateral assets, the introduction of the collateral recognition ratio, and changes to service usage conditions. Please refer to the details below.
(Image: https://static.upbit.com/guide/notice/lending2.png)
What is Coin Borrowing?
This service allows you to borrow digital assets by providing your owned assets as collateral.
You can trade and withdraw the borrowed digital assets, and you can make partial or full repayments at any time.
Restructuring Schedule
Key Restructuring Details
1. Expansion of Borrowable Assets
- The number of borrowable digital assets will be expanded to 25 types.
ADA, ALGO, AVAX, BCH, BTC, DOGE, ETC, ETH, FIL, HBAR, LINK, MNT, ONDO, PEPE, SAND, SEI, SHIB, SOL, SUI, TRX, USDC, USDT, VIRTUAL, XLM, XRP
Borrowable assets can be borrowed starting from a minimum of 10,000 KRW. Your individual maximum borrowing limit can be checked within the service under [Check My Limit].
2. Expansion of Collateral Assets and Application of Collateral Recognition Ratio
- Assets that can be set as collateral will be expanded to KRW, BTC, ETH, and USDT.
Collateral assets refer to assets that users pledge to borrow digital assets in the Coin Borrowing service, and can be set starting from a minimum of 20,000 KRW.
Collateral assets cannot be withdrawn until full repayment is completed.
- The collateral recognition ratio will be applied by asset class.
The collateral recognition ratio refers to the percentage of the collateral asset's value recognized for lending ratio calculation.
The collateral recognition ratio is applied differently depending on the asset class, considering asset price volatility, etc.
For example, even if you pledge BTC equivalent to 10,000,000 KRW as collateral, it will be recognized as having a value of 9,000,000 KRW when calculating the lending ratio.
3. Usage Conditions and Fees
| Item | Details |
|---|
| Maximum Borrowable Lending Ratio | 85% |
| Liquidation Trigger Lending Ratio | 95% |
| Borrowing Period (Maturity Date) | 30 days |
| Usage Fee (Based on daily maximum borrowed amount) | 0.05% daily |
| Liquidation Fee | 1% |
The lending ratio is the ratio of borrowed assets to collateral value.
Lending Ratio Calculation Formula (%): (Appraised Value of Borrowed Assets) ÷ (Appraised Value of Collateral Assets × Collateral Recognition Ratio) × 100
Fees and Settlement Information
- There is no separate application fee when applying for Coin Borrowing.
- Usage fees are not charged on the borrowing date but are charged daily starting from D+1. However, if you borrow and repay on the same day, a 1-day fee will be charged.
- Usage fees are calculated based on the maximum daily borrowed amount.
- Usage fees and liquidation fees are settled and deducted from collateral assets at the time of full repayment (or liquidation).
- If multiple assets are set as collateral, deductions will be made in the order of USDT → BTC → ETH → KRW.
Liquidation and Price Standard Information
- If the lending ratio reaches the liquidation trigger (95%) or the maturity date arrives, liquidation may proceed depending on the situation.
- The lending ratio and liquidation status are calculated based on the appraisal price (exponential moving average based on Upbit market price), and the execution price (current price) is applied for repayment and liquidation settlement. This may result in lending ratio fluctuations or liquidation occurring at an unexpected time. (> Related FAQ Link)
4. Additional Information Regarding Service Usage
-
Only one Coin Borrowing application can be made at a time, regardless of the supported asset type.
- You cannot apply for multiple new borrowing cases simultaneously, but you can borrow additional digital assets within the remaining limit of an existing borrowing case via [Additional Application] on the service home screen.
- Additional borrowed assets must also be repaid together on the same maturity date as the existing borrowing case.
- If collateral has been added, subsequent additional borrowing applications cannot be made.
-
When the lending ratio reaches 88%, 90%, and 92%, pre-warning notifications will be sent via KakaoTalk, email, app push, etc. In such cases, you can lower the lending ratio by adding more collateral or partially repaying the borrowed assets.
-
If the calculated collateral value for each borrowing contract (case) is 100,000,000 KRW or more, a pledge agreement procedure will be initiated according to internal standards.
5. Increased Borrowing Limits by Membership Level
| Membership Level | Borrowing Limit | Achievement Conditions |
|---|
| Level 0 | Service not available | - |
| Level 1 | 30,000,000 KRW | Must meet both of the following conditions: |
- Owned assets (digital assets + KRW deposit) 5,000,000 KRW or more
- Digital asset trading 10 times or more in the last 1 year
※ Staking and NFT assets are not included |
| Level 2 | 70,000,000 KRW | Must meet both of the following conditions:
- Coin Borrowing experience 5 times or more (based on application completion time)
- Cumulative Coin Borrowing amount 50,000,000 KRW or more (cumulative sum in KRW) |
| Level 3 | 500,000,000 KRW | After achieving Level 2 conditions, at least one of the following must be additionally satisfied:
- 1 year elapsed from Level 2 achievement date
- Cumulative Coin Borrowing amount 300,000,000 KRW or more
- Owned assets (digital assets + KRW deposit) 500,000,000 KRW or more
- Previous month's cumulative trading volume 1,000,000,000 KRW or more |
| Level 4 | 1,000,000,000 KRW | - After achieving Level 3 conditions, Level 4 will be applied to members who meet internal criteria. |
Important Notes
- Digital assets have no limit on price fluctuations, and unexpected large fluctuations may occur depending on market conditions. Therefore, please be aware of the risk of liquidation when using the service.
- Fees may change according to internal policies, and any changes will be announced through a separate notice.
- Customer verification must be completed to use the service.
- If your account is locked using the Self-Lock feature, you cannot use Coin Borrowing.
Common Important Notes
- Dunamu Inc. Compliance Officer Approval No. 26-0046 (26.04.09~27.04.08)
- Virtual assets are high-risk products and may result in the total or partial loss of your investment.
- Investors are solely responsible for their investment decisions in virtual assets and any resulting principal losses.
- Before trading virtual assets, please check the specific details through explanatory materials such as the whitepaper or project introduction for the relevant virtual asset.
- Before applying for the Coin Borrowing service, please ensure you are fully familiar with the relevant terms and conditions.
Thank you.
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