Coinone said on Sunday that a staff member responsible for market surveillance in its user protection team received a commendation from the chief of the Financial Supervisory Service.

The employee carried out monitoring of abnormal transactions by digital asset operators under the Digital Asset User Protection Act. The employee was recognised for contributing to establishing trading order in the digital asset market and protecting users.

Coinone said the staff member was highly rated for proactively leading efforts to rationalise operating standards for ongoing abnormal-transaction monitoring through communication with the Financial Supervisory Service. The company said systematic improvements to shortcomings identified through that process were also cited as key achievements, including contributing to laying the groundwork for stable system operations.

Coinone said this was the first time such a commendation had been given to a digital asset exchange since the Digital Asset User Protection Act took effect in July 2024. It said it signalled that a system to prevent unfair trading was being successfully introduced in the nascent digital asset market.

A Coinone official said, "We will continue to do our best to establish sound order in the virtual asset market and keep customers' assets safe."