In the last month, there has been a notable increase in crypto trading in South Korea. Kaiko’s latest analysis reveals a substantial surge in Bithumb’s Bitcoin volume, even though zero-fee trading was introduced several months ago.
The trading volume of the flagship crypto asset on the platform appears to be approaching a whopping $3 billion.
Bithumb’s Bitcoin Dominates January Trading
Bithumb took a strategic initiative by becoming the first major Korean exchange to eliminate all transaction fees. This move was seen as an effort by the firm to significantly expand its market presence in a domestic landscape largely dominated by Upbit. Bithumb had previously charged trading fees ranging from 0.04% to 0.25%. The implementation of the zero-fee policy for all supported digital assets began in October last year.
This decision is particularly noteworthy as the exchange essentially relinquished its primary source of revenue. Additionally, Bithumb reported an operating loss of 3.4 billi
We współpracy z: https://cryptopotato.com/bithumb-bitcoin-trading-skyrockets-to-nearly-3-billion-in-january-leaving-upbit-in-the-shadows/
