Svmuu News: South Korean domestic cryptocurrency exchanges saw a significant slowdown in new listings during the first half of this year, while low liquidity and the number of problematic coins delisted increased.
According to EToday’s analysis of data from the five major exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—the net increase in newly supported coins during the first half of this year, after subtracting discontinued listings, was 49, a decrease of approximately 74% from the 191 recorded during the same period last year. During the same period, the number of new listings fell by 44% year-over-year, while the number of delistings rose by 258% year-over-year.
The report noted that as trading volumes decline and fee revenue comes under pressure, the focus of competition among South Korean exchanges is shifting from listing expansion to liquidity management, token vetting, and responding to institutionalized regulatory requirements. (EToday)