Coinone, Upbit, and Bithumb revive coin lending under FSC’s stricter oversight. New guidelines cap borrowing, restrict assets, mandate tests, and limit annual interest. Exchanges handle $5.26 billion daily, highlighting regulators’ cautious stance on leverage. Despite tighter oversight from South Korea’s financial authorities, leverage-driven “crypto lending” services resurface across domestic exchanges. Platforms like Upbit, Bithumb, and…
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In Brief Upbit and Bithumb soar in market valuations, while smaller exchange Coinone struggles, selling assets to cover losses. Dunamu’s Upbit and Bithumb see impressive growth as Coinone faces liquidity issues and potential acquisition talks. The growing market concentration in Korea’s crypto exchange sector leaves smaller players like Coinone with limited room to compete. Korean…
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