2023.12.27
Rising Trading Volumes and Fee-Free Policies Reshape Korean Exchange Competition
Bithumb's daily trading skyrocketed to $1.7159 billion from $118.88 million three months earlier, narrowing the gap with Upbit. Korbit reclaimed third place with 169.5 billion won daily trading volume, benefiting from fee-free policies and new coin listings. Exchanges like Bithumb and Korbit are sacrificing fee income to increase market share, anticipating fiercer competition in the growing cryptocurrency market next year.
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