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South Korean crypto exchange employees out-earn staff at major banks
19.8.2024
Dunamu’s consolidated sales in the first quarter of 2024 reached $400 million, showing a 60.5% increase.
Binance Seeks to Reduce Stake in Operator of South Korean Crypto Exchange Gopax to 10%
13.7.2024
Binance is reportedly seeking to reduce its stake in the South Korean crypto exchange Gopax’s parent company, Streami, to approximately 10%. Binance’s mooted sale of the stake to Megazone comes just over a year after Binance acquired the controlling stake. The exchange needs to offload...
Trading Volume on South Korean Crypto Exchange Upbit Crashes 75%
1.4.2024
Upbit's 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko data show
Bithumb IPO Plans ‘Accelerate’ as South Korean Crypto Exchange Eyes Public Listing
25.3.2024
The South Korean exchange Bithumb is looking to step up its IPO plans – and could look to launch a fast-tracked initial public offering as the crypto bull market continues.
The post Bithumb IPO Plans ‘Accelerate’ as South Korean Crypto Exchange Eyes Public Listing appeared first on Cryptonews
South Korean Crypto Exchange Bitsonic Execs Jailed for Price Manipulation
7.2.2024
A Seoul court jailed South Korean crypto exchange Bitsonic executives for manipulating crypto prices – and profiting to the tune of $7.5 million. Newsis reported that the Seoul Eastern District Court sentenced the CEO of the Bitsonic trading platform to seven years in prison. South Korean Crypto...
South Korean Crypto Exchange Bithumb Reinstates Commission Fees After Four Months
6.2.2024
The South Korean crypto exchange Bithumb ended its four-month campaign of commission-free crypto trading on February 5. Per Insight Korea, Bithumb began charging a 0.04% fee “for all crypto transactions starting from February 5.” Bithumb vs Upbit: South Korean Crypto Exchange Rivals Go to War?...
Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX
31.1.2024
The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously
South Korean Exchange Searches for ‘Lost’ Owners of $206M Worth of Crypto
1.1.2024
Source: Paweł Michałowski/Adobe The South Korean crypto exchange Bithumb says it wants to find the “dormant” owners of $206 million worth of coins, including Bitcoin (BTC), Ethereum (ETH), and XRP. Per Chosun Ilbo, Bithumb said it was launching a “campaign” to help remind users with seizable crypto...
South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes
18.12.2023
Source: Koshiro/Adobe A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms. The newspaper Daehan Kyungjae reported that Upbit’s market share has dropped sharply in recent months, falling from 93%...
More Major South Korean Exchanges Begin Listing USDT
8.12.2023
Source: FellowNeko/Adobe Another leading South Korean crypto exchange has listed the US dollar-pegged stablecoin USDT as global trading volumes begin to climb. Per Kyunghyang Games, Bithumb – the second biggest exchange in the nation – launched support for the coin on December 7. The listing...
Report: Operator of South Korean Crypto Exchange Upbit Sees a Nearly 40% Drop in Operating Profit
30.11.2023
Dunamu, the operator of the South Korean crypto exchange Upbit, recently said it had realized an operating profit amounting to $79 million in the third quarter of 2023. Virtual asset valuation losses contributed to the 81.6% drop in the operator’s net profit for the period. Operating Profit...
South Korean Crypto Exchange Bithumb Still Aiming for IPO Despite ‘Deep’ Troubles
16.11.2023
Source: Timon/Adobe The South Korean crypto exchange Bithumb has effectively confirmed reports that it is hoping to launch an initial public offering (IPO), but may be hampered by financial issues and ongoing legal problems. Per the South Korean media outlets Economist and Decenter, Bithumb wants...
South Korean Crypto Exchange Bithumb Eyes IPO in Move to Challenge Upbit’s Market Dominance
13.11.2023
Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange (KOSPI) platform in the future. Bithumb Targets Kosdaq...
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
18.10.2023
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore...
ApeCoin surges 1,950% on South Korean crypto exchange Upbit
12.4.2023
The APE/BTC trading pair reached an all-time high of around $90 apiece on the exchange
Employees of South Korean Crypto Exchange Coinone Arrested: Report
11.4.2023
Seoul Southern District Court Chief Judge Kim Ji-Sook issued a warrant for the arrests on Monday, saying "There is concern about escaping."
South Korean crypto exchange GDAC hacked for nearly $14M
10.4.2023
The exchange said that all deposits and and withdrawals are temporarily suspended as it performs emergency server maintenance
Former Chairman of South Korean Crypto Exchange Bithumb Arrested: Report
2.2.2023
Kang Jong-hyun, a former chairman at South Koean cryptocurrency exchange Bithumb has been arrested on Thursday
Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage
16.1.2023
South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb...
Executives from $1.5B South Korean crypto exchange fraud jailed
28.12.2022
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO, known as Mr. Lee was previously sentenced to a 22 year prison term