Binance Accelerates Its Return to Korea, Begins Hiring After Gopax Acquisition
Global cryptocurrency exchange Binance is moving swiftly to re-enter the Korean market after completing its acquisition of local exchange Gopax. Following final approval from...
Korea’s Stablecoin Trading Volume Plunges — Down to One-Fifth in Just Six Months
South Korea’s stablecoin market is losing steam rapidly. The nation’s average daily trading volume of stablecoins, which exceeded 1 trillion won late last year,...
FSC to Shift Crypto Exchange Listings from Self-Regulation to Public Oversight
The Financial Services Commission (FSC) of South Korea has announced plans to shift the management of crypto-asset exchange listings from a self-regulatory framework to...
Atomics and SAD GAS STATION Ignite a New Era of P2P Trading and Entertainment...
Seoul, South Korea— Following a highly successful launch at Korea Blockchain Week (KBW), Atomics, the next-generation crypto P2P trading platform, has officially announced a strategic partnership...
Wealth Concentration Deepens in Korea’s Crypto Market — Top 10% of Investors Dominate Trading
South Korea’s cryptocurrency market is increasingly consolidating around a small group of investors. According to recent data released by lawmaker Lee Heon-seung of the...
Binance Completes GOPAX Acquisition, Marking Official Return to Korea
Global cryptocurrency exchange Binance has officially returned to the Korean market after two and a half years. The Financial Intelligence Unit (FIU) of South...
Solana and Wavebridge Join Forces to Launch KRW-Pegged Stablecoin in Korea
Global blockchain platform Solana has partnered with Korean digital asset infrastructure firm Wavebridge to develop a stablecoin pegged to the Korean won (KRW). The...
SBF’s “Korean Friend” Mystery Resurfaces – FTX Trustee Sues Dunamu (Upbit) for $53.4 Million
The collapse of FTX has now finally reached South Korea.
Following its bankruptcy filing in the U.S. District Court for Delaware in November 2022, the...
K Bank and Upbit Extend Real-Name Account Partnership by One Year, Strengthening Crypto-Finance Link
Internet-only bank K Bank has decided to extend its real-name account partnership with Upbit, South Korea’s largest cryptocurrency exchange, for another year until October...
₩100 Trillion in Crypto Flows Overseas — “Capital Outflow” Alarm Rings in Korea
South Korea’s digital asset market is seeing unprecedented capital flight. According to the Financial Intelligence Unit (FIU), more than ₩101.6 trillion worth of cryptocurrencies...
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Won-Based Stablecoin Ensures Full Collateral and Redemption Rights… Exchanges Expected to...
South Korea’s financial authorities are moving to formalize the framework for won-based stablecoins, introducing key principles focused on full collateralization and guaranteed redemption rights....
