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Crypto

Korbit under Mirae Asset offers 1-year zero fees, raising questions over exchange race

Korbit, now under Mirae Asset Group, has made trading fees free for one year on all assets in its won market, seeking to boost volume and liquidity. The move is unlikely to shake the dominance of Upbit and Bithumb but could affect Korbit’s competition with Coinone for third place. Market activity has weakened, with average daily turnover at major won exchanges down sharply from January. DigitalX also approved a roughly 50 billion won capital increase.

Crypto

Financial firms join crypto exchanges, could shake up digital asset market

South Korea\'s won-based digital asset exchanges are bringing in financial companies as new shareholders to bolster their business foundations, drawing attention to whether the market led by Upbit and Bithumb could shift. CoinGecko data put Upbit’s 24-hour volume share at 72.1 percent and Bithumb’s at 22.3 percent. Trading activity has declined, while Coinone, Korbit and Gopax move to expand capital and business ties with financial groups.

People

Gopax appoints former AWS Korea executive Kim Na-young as CEO

Digital asset exchange Gopax has appointed Kim Na-young, former head of financial business development at Amazon Web Services Korea, as its new chief executive. The company plans to speed up efforts to resolve long-unsettled unpaid GoFi customer funds, normalise management and prepare to renew its virtual asset service provider registration. Operator Streami announced the appointment on July 27, and said major shareholder Binance will support the turnaround work.