The largest South Korean cryptocurrency Upbit exchange has received in III quarter of this year a profit equivalent to $100 million Cointelegraph reported, citing a local source Yonhap News.

Upbit is a division of the South Korean technology giant Kakao. The launch of this trading platform was not so long ago — in October 2017. However, during this time, a crypto currency exchange managed to become the 12th trading volumes in the world. Currently, the daily turnover Upbit more than $97 million

This spring, cryptocurrency Upbit exchange was launched South Korea’s first cryptocurrency index.

ForkLog also previously reported that competing with South Korean Upbit exchange Bithumb for the first six months of this year earned of 39.34 billion won (about $35 million).