According to statistics, the 24-hour trading volume of South Korea's top five Korean won exchanges is Upbit 2.4077 trillion won, Bithumb 1.2508 trillion won, Korbit 73.8 billion won, Coinone 69 billion won, and Gopax 2.04 billion won. Converted into market share, that is Upbit 63%, Bithumb 32.7%, Korbit 1.9%, Coinone 1.8%, Gopax 0.5%. Upbit, whose market share exceeded 90% in the first half of this year, fell to the 60% range, while Bithumb, whose market share fell to about 10% during the same period, rose to the 30% range.
The main reasons for the change in market share are summarized as the commission-free policy and the airdrop activity of Wemix’s token listing. Since October last year, Bithumb and Korbit have continued the commission-free policy for more than two months. At the same time, when Wemix was listed, Bithumb also held a one-day coupon registration event, providing benefits worth 1 billion won, and based on transactions The amount is randomly provided by Wemix. (news.mt)