South Korea Archives

South Korean Exchanges Upbit, Bithumb Suspend SNX Deposits After Warning from DAXA

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Leading South Korean crypto exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) following a cautionary alert issued by the Digital Asset Exchange Alliance (DAXA). DAXA, a self-regulatory body responsible for setting industry standards across South Korean exchanges, designated SNX as an asset requiring investor caution. Such a classification typically triggers enhanced scrutiny, with […]

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Over Half of South Koreans Have Crypto Trading Experience – Survey

Leave a Comment / Adoption, Blockchain News, News, South Korea / best time

A new survey has found that over half of South Korean adults have previously traded or currently trade crypto. The survey was conducted by the Korea Financial Consumer Protection Foundation (KFCPF), the South Korean news agency Yonhap reported on April 22. Half of South Koreans Now Trading Crypto, Survey Finds The KFCPF spoke to 2,500

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Report: South Korea’s Bithumb to Spin Off Non-Core Units Ahead of IPO

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Bithumb is breaking itself in two as it races toward an IPO, carving out its exchange and investment units to streamline operations and court investors. Bithumb’s Corporate Split Sets Stage for IPO Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring its operations ahead of a planned initial public offering (IPO) in

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Koreans HODLing Hit a Record .4B After Trump’s Crypto Push

Koreans HODLing Hit a Record $73.4B After Trump’s Crypto Push

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South Koreans are HODLing crypto assets worth around $73.4 billion on domestic crypto exchanges, the nation’s central bank has claimed. Busan Ilbo reported that the total market capitalization of the crypto held in domestic wallets surpassed the 100 trillion won mark ($70.5 billion) for the first time in December 2024, per Bank of Korea (BOK)

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Won vs. Dollar: Diverging Bitcoin Prices Hint at Market Inflection

Leave a Comment / Bitcoin (BTC), Coinbase, Markets and Prices, South Korea / best time

Since bitcoin briefly dipped below global averages in South Korea on April 9, the past ten days have seen the coin fetch a premium, touching 2.97% above international benchmarks. Seoul’s Bitcoin Premium Hits 3% With fewer high-return domestic investment avenues, South Koreans often gravitate toward cryptocurrencies such as bitcoin. Ten days ago, amid a market

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The Surprising Split in Bitcoin (BTC) Trader Behavior

Leave a Comment / AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, BTCUSDT, Coinbase, Crypto News, South Korea / best time

There is a notable divergence in Bitcoin investor behavior between the US and Korean markets. Amid heightened global uncertainty, which is fueled by escalating US-China trade tensions, Bitcoin has experienced a sharp correction, though recent signs point to stabilization. Interestingly, the Coinbase Premium, a metric that reflects the price difference of Bitcoin on Coinbase versus

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South Korean Regulator Extends Bithumb Inspection, Plans Coinone Probe

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The South Korean Financial Intelligence Unit (FIU) has extended the period of its on-site inspection of the Bithumb crypto exchange, with a Coinone inspection set to start next week. The media outlet Daehan Kyungjae reported that FIU, which answers to the Financial Services Commission (FSC), will wrap up its investigation on April 18. The probe

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South Korea FIU Blocks 14 Unregistered Crypto Apps on Apple Store

Leave a Comment / crypto regulation, Crypto Regulation News, News, South Korea / best time

South Korea’s Financial Intelligence Unit (FIU) announced on Monday that it had blocked domestic access to 14 unregistered foreign crypto apps on the Apple App Store as part of a new regulatory measure. The blocked platforms included major names like KuCoin and MEXC, sending a clear signal to overseas exchanges lacking local approval. Since March

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South Korea’s Youth Investors Make Bold Shift

Leave a Comment / Bitcoin, crypto, Crypto News, Kospi, Nasdaq, South Korea, stocks / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean youth are abandoning their domestic stock markets at unprecedented rates, instead directing their investments toward US stocks and cryptocurrencies. Declining Youth Participation The Korea Securities Depository reports investors in their 20s represented just 9.8% of the market last year, down

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South Korean Police Raid ‘Illegal Gambling Den Disguised as Crypto Mining Center’

Leave a Comment / Blockchain News, News, Police, South Korea / best time

South Korean police have raided a suspected illegal gambling den whose operator claimed it was a center for crypto mining. The news agency Yonhap and the media outlet Asia Kyungjae reported that Gwangsan Police Station in Gwangju, South Jeolla Province, announced on April 9 that officers are questioning the alleged den’s operator. Officers are holding

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