Whales Control Over 90% of Trading on South Korea’s Crypto Exchanges, Data Shows
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最新报道：A new report reveals that large-scale "whale" investors account for over 90% of trading volume on South Korea's major centralized exchanges, with Bithumb showing the highest concentration at 97.97% in H1 2024. Data from the Financial Supervisory Service shows GOPAX (97.95%), Coinone (97.54%), Korbit (97.52%), and Upbit (89.36%) following closely, while Upbit recorded the highest trading volume at ₩1,488.6 trillion. The report indicates trading concentration rises with market capitalization and suggests the famous "listing effect" on Korean exchanges may be driven by whales rather than collective retail investor activity.
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