| Mobile Web

Search results for Gopax

Crypto

Exchanges push to cut fee reliance as digital asset results freeze

South Korean digital asset exchanges are accelerating efforts to diversify revenue as trading values fall and profitability weakens. The five biggest won-market exchanges logged $27.8 billion in trading from May 1 to 17, down from earlier months. Dunamu and Bithumb reported sharp first-quarter declines in revenue and operating profit, with trading fees accounting for nearly all sales. Exchanges are expanding partnerships, overseas ventures and Web3 infrastructure, while facing regulatory uncertainty.

Crypto

Korea Investment Securities seeks stake investment in Coinone with global exchange OKX

Korea Investment Securities is known to be seeking a stake investment in Coinone together with global digital asset exchange OKX, drawing industry attention. The two are discussing acquiring about 20 percent each, with a structure likely centered on issuing new shares rather than buying existing stakes. Coinone said it is discussing partnerships, including strategic equity investments, with multiple companies but nothing has been decided.

Crypto

South Korea crypto trading value and holdings plunge; stablecoin demand rises

South Korea\'s crypto market has weakened, pushing investors\' holdings and trading value down to about half of peak levels, while demand for dollar-based stablecoins continues to rise. Crypto holdings totalled 60.6 trillion won as of end-February, after peaking at 121.8 trillion won in January last year. Average daily trading value fell to about 4.5 trillion won and won deposits also declined. Stablecoin holdings stayed relatively large at 607.1 billion won.