Small domestic cryptocurrency exchanges are struggling to keep up with regulatory compliance, which is overwhelming their resources and preventing them from improving services. According to CoinGecko, the market share of domestic Won-based cryptocurrency exchanges is heavily skewed, with Upbit and Bithumb monopolizing over 97% of the market. This disparity in market share results in a significant difference in fee income, manpower, and service improvement capabilities, with smaller exchanges unable to focus on marketing or service improvement due to regulatory burdens.
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Auto-posted at: 2025-03-20 21:04:40