South Korea’s crypto landscape was dominated by Upbit for the longest time. However, there seems to be a shift underway as Bithumb gains momentum, gradually capturing Upbit’s market dominance.
The latest development surfaces amid intensifying crypto trading activity in South Korea, particularly with the surge in Bitcoin trading.
Bithumb’s Market Share Peaks at 72%
Crypto trading activity in South Korea has seen a notable increase, particularly in light of the broader market rebound. Upbit and Bithumb, the top exchanges in the country, both saw their trading volumes peak during the first week of January 2024. These exchanges have been locked in intense competition with each other.
Recent findings from Kaiko suggest that Bithumb briefly reached an all-time high market share of 72% in early February compared to its main competitor, Upbit.
#Bithumb market share of volume relative to its main rival #Upbit briefly hit an all-time high of 72% in early February amid surging BTC trading.
We współpracy z: https://cryptopotato.com/bithumb-rockets-to-all-time-high-in-korea-claims-72-market-share-over-upbit/
