What is the largest cryptocurrency exchange in South Korea?

A paid subscription is required for full access. As of March 2, 2023, Upbit was the largest South Korean cryptocurrency exchange with a 24-hour trading volume of around two billion U.S. dollars. Bithumb and Coinone followed with around 208.7 million and 62 million U.S. dollars, respectively.

Are cryptocurrency exchanges regulated in South Korea?

Many expect a lot of deregulation in the cryptocurrency space. This is big news for cryptocurrency exchanges in South Korea. The top 4 cryptocurrency exchanges account for 90% of crypto-asset trading volumes in South Korea. These 4 include Upbit, Bithumb, Coinone, and Korbit.

Why is Yoon launching a cryptocurrency exchange in South Korea?

During his campaign, Yoon promisedderegulation of cryptocurrency trading. Therefore, this paves the way for the issuance of digital coins in South Korea. South Korea remains one of the top cryptocurrency trade exchange markets. South Korea has become a hub for cryptocurrency exchanges over the past few years.

Is Korbit a good cryptocurrency exchange in South Korea?

The first cryptocurrency exchange in South Korea has gained and maintained a stellar reputation in the Asian market, holding a tasty 6% of all market shares in Korea. Korbit is appealing to traders who are looking for an exchange with low trading fees, high security, and a good remittance service.