Vietnam Goes Full Crypto: Upbit’s Dunamu Teams Up with MB Bank for First Domestic Exchange

From street cafés to trading floors — Vietnam is about to get its own homegrown crypto hub.

📌 Quick Take

• Partnership: Dunamu (Upbit) 🤝 MB Bank
• Launch: Vietnam’s first domestic crypto exchange
• Market size: 20M+ holders, 800B est. trading volume
• Global adoption rank: #5 (2024, Chainalysis)
• Dunamu 2024 profits: +85.1% YoY, 204.5M in dividends

🇻🇳 Vietnam’s Crypto Moment

South Korea’s Dunamu — the brains behind Upbit — just inked an MoU with Military Bank (MB Bank) to bring Vietnam its first fully domestic crypto exchange.

Why it’s big: Vietnam just legalized digital assets under the Law on Digital Technology Industry, finally giving crypto a legal home after years of grey-zone regulation.

🏛️ Regulatory Flip from Red Flag to Green Light

• Then: FATF scrutiny for weak AML safeguards
• Now: Clear definitions, licensing, and consumer protection baked into national law
• MB Bank gets regulatory playbooks + tech stack from Dunamu, modeled on Upbit’s success in Korea
• Goal: Build a trusted, retail-friendly digital finance ecosystem inside Vietnam’s borders

💰 Dunamu’s Cash-Fueled Confidence

This isn’t a cold call — Dunamu’s got momentum:

• Operating profit up 85.1% YoY
• Threefold jump in cash dividends
• 204.5M allocated to shareholders
• Global expansion track record across multiple regulated markets

📈 Why This Could Blow Up the Market

Vietnam is already one of the most crypto-active nations on Earth — 20M+ holders, billions in annual volume, and a retail culture primed for digital finance. Add formal regulation + a trusted local bank + global exchange expertise, and you’ve got a perfect storm for mass adoption.

💬 Voices from the Ground

Analysts in both Hanoi and Seoul call this a strategic masterstroke — combining Vietnam’s retail appetite with Korea’s compliance and tech chops. Expect:

• Faster onboarding for new retail traders
• Institutional participation without cross-border headaches
• Rising liquidity in the regional market

💡 Bigger Picture

This is more than just a launch — it’s Vietnam planting its flag in the regulated crypto world, and Dunamu quietly building another hub in Asia’s growing digital finance corridor.

TL;DR

Dunamu’s Upbit + MB Bank are launching Vietnam’s first legal domestic crypto exchange, tapping into a 800B market of 20M+ holders. With fresh regulations, booming retail demand, and Dunamu’s tech, Vietnam could leapfrog into Asia’s top-tier crypto capitals.