Data: Upbit's market share in trading volume in South Korea exceeds 80%, ranking fifth among global CEX

ChainCatcher news, according to Bloomberg, Upbit's trading volume accounts for over 80% of South Korea's total trading volume, rising to fifth place in the global CEX rankings, on par with Coinbase.

Simon Seojoon Kim, CEO of the South Korean venture capital firm Hashed, stated that the reserve system required by South Korean regulators imposes significant costs on both existing and new entrants, but resource-rich trading platforms like Upbit will find it easier to meet the new standards.