Net New Listings on South Korea’s Top Five Crypto Exchanges in First Half of Year Drop Approximately 74% Year-on-Year

Odaily reports that the pace of new token listings on South Korean crypto exchanges has significantly slowed in the first half of this year, while the number of delistings for low-liquidity and problematic tokens has increased.

According to data compiled by EToday on the top five exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—the net number of new trading pairs listed (after accounting for delistings) in the first half of this year was 49, down approximately 74% from 191 in the same period last year. Over the same period, the number of new listings fell by 44% year-on-year, while the number of delistings surged by 258% year-on-year.

The report states that amid declining trading volumes and pressure on fee income, the competitive focus of Korean exchanges is shifting from listing expansion to liquidity management, token review processes, and institutionalized regulatory compliance. (EToday)