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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

Regulators watch securities firms’ digital asset ties as platform integration spreads

South Korea’s financial authorities are stepping up checks on the “separation of finance and virtual assets” principle as ties between securities firms and digital asset exchanges broaden from equity investments to service partnerships and acquisitions. The Korea Financial Investment Association sent guidance to brokerages at the request of the Financial Supervisory Service, warning services could be limited if they violate the principle or amount to outsourcing. Deal structures, platform links and customer data use remain key areas without clear detailed criteria.

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.