Bithumb's South Korean Market Share Drops to 24.8%, Gap with Upbit Widens After Zero-Fee Campaign Ends

Odaily News South Korean cryptocurrency exchange Bithumb continues to face pressure on its market share following the "Bitcoin mis-send incident." Data shows that as of last Friday, Bithumb's trading volume share among South Korea's five KRW-denominated exchanges dropped to 24.8%, a significant decline from the approximately 30% level at the beginning of the year.

Industry data indicates that Upbit maintains its leading position with a 58.4% share, Coinone holds 13%, Korbit holds 3.5%, and Gopax holds 0.3%. (Korea Times)