The Vietnamese cryptocurrency market is set to undergo significant changes with the launch of its first regulated crypto exchange by Dunamu and MB Bank.
Partnership Between Dunamu and MB Bank
Dunamu, the operator of South Korea's largest crypto exchange Upbit, signed a memorandum with Vietnam's MB Bank on August 12, 2025, in Seoul. This collaboration is aimed at establishing the first domestic regulated crypto exchange that will comply with the upcoming digital asset laws expected in Vietnam.
Potential for Cryptocurrency Market Development in Vietnam
The partnership pools Dunamu's expertise with MB Bank's institutional credibility, fostering a secure trading environment. Oh Kyoung-suk, CEO of Dunamu, stated, 'The mixture of Vietnam's growth potential and Dunamu's proven Upbit model will give a significant opportunity to go beyond simply establishing a crypto exchange and design the entire national digital financial infrastructure based on trust.'
Impact on Local Traders and Market
The collaboration is expected to boost institutional confidence and improve market transparency in Vietnam. With MB Bank's $50 billion asset base, it is positioned to create new opportunities for local traders, aligning with the new legal frameworks and ensuring investor protection.
The launch of the first regulated crypto exchange in Vietnam is anticipated to significantly increase activity in the local cryptocurrency market, shifting reliance away from international platforms.
