Every beginner starts their crypto journey by creating an account in the crypto exchange and this is where crypto exchanges are still making profits in millions. With the growing crypto population and interest in trading crypto users are looking out for the best crypto exchange platform that lets the users trade crypto at ease and with all the necessary features for trading.
The user base for the top crypto exchanges is growing rapidly year-on-year because the youngster's interest in cryptos is growing exponentially. In that way, South Korea is filled with crypto enthusiasts and multiple crypto exchanges have a young user base where the exchanges are making profits in million every year. Even many young entrepreneurs are looking for how to start a crypto exchange and crypto business opportunities in South Korea. Before getting over to launch a crypto exchange get over this article to know about the trending crypto exchange platforms in South Korea.
There are many crypto exchange platforms in South Korea and here is the list of the top 7 crypto exchanges that performs well in Korea in recent years. Go through it and this may help you launch your crypto exchange or go on with any of the crypto exchange clones or even with a white-label crypto exchange platform.
Upbit was introduced to the crypto world in 2017 and was launched on behalf of Dunamu Inc, which is the parent company of Upbit. By 2018, Upbit becomes one of the top crypto exchange platforms in the globe, and at the time of writing the article the platform has a trading volume of $675,415,581 in the last 24 hours. As of March 2023, the platform has made a trading volume of $2,070 million making it the top crypto exchange in South Korea. The success of Upbit lies in the adoption of numerous cryptocurrencies, a user-friendly interface, its security features, and competitive fees.
Bithumb was founded in 2014 and it is one of the largest crypto exchange platforms in South Korea with more than 8 million users. Bithumb offers advanced trading features to the users like margin trading, futures trading, and more. And Bithumb has had a trading volume of $109,609,734 in the last 24 hours while working on this article with an average liquidity of 484. The platform offers a user-friendly interface and 24/7 customer support which improves the connectivity between the users and the platform admin. With a wide range of crypto collections and competitive fees has gained popularity in South Korea.
Coinone was launched in 2014 by Myunghun Cha with a funding of $73.5 Million to date during the years 2017 and 2022. Game Evil and Kakao ventures have made their investment in Coin One where Game Evil acts as the Lead investor. The platform had a trading volume of $26,155,979 in the last 24 hours with a liquidity of almost 514. Coinone also introduced South Korea's first Blockchain remittance mobile app named “Cross”. Also, the mobile trading application, staking modules, in-depth coin analysis tool, and strong security features have improved its reputation in the crypto space of South Korea.
Korbit is one of the popular crypto exchanges in South Korea with launched in the year 2013 by Kangmo Kim, Louis Jinhwa Kim, and Tony Lyu where Korbit has been a subsidiary of Nexon as of 2017. Korbit has reached series B funding and it has raised nearly $85.5 Million to the date of writing the article. With more than 17 investors Korbit has three lead investors SK Square, Softbank Ventures Asia, and Pantera Capital. The success of the Korbit exchange has made them launch the first Korean-based NFT marketplace in 2021 and also introduced their metaverse platform.
Huobi Global was founded in Beijing and is one of the famous crypto exchange platforms for global users but is majorly focused on Asian countries like south korea and its surroundings which made them launch their subsidiary as Huobi Korea. The platform was founded by Jun Du and Leon Li in 2013 with a total funding of $2 Million to date from four investors. While writing the article the crypto exchange platform Huobi has a trading volume of $405,895,608 in the last 24 hours. Even though it is an subsidiary of a Chinese crypto exchange the platform has gained a huge reputation and user base in South Korea.
Gopax is completely based in Korea and supports only Korean fiat currencies. The crypto exchange was established by Junhaeng Lee, James Park, and Yeunjin Kong in the year 2017 and it completed its series B with $23.7 Million on May 20, 2022. The platform attracted 4 new investors in its last investor round Digital Currency Group, Strong Ventures, Z Venture Capital, and KB Investment. The platform gained popularity because of its friendly interface and its fast transaction speed. But in February 2023, Binance acquired most of its stake making it a subsidiary of Binance exchange.
Binance is the most popular crypto exchange in the crypto world even though it's not based in South Korea it has a predominant user base in South Korea also like other countries. The success of Binance is the continued updation in the market with new trading options and other trading features. Also, Binance has introduced a maximum number of trusted crypto projects, attracting a huge user base. The man Changpeng Zhao CEO Binacne made every possibility to brand Binance after its launch in 2017 on every platform which made them reach out huge audience in a short time. If you are a person looking to launch a crypto exchange then you may look out for a Binance clone or Binance white-label solution.
The crypto market in Korea is still in its initial stage where only a partial population of Korea is aware of crypto and crypto trading platforms. With a huge population launching a crypto exchange platform in Korea will let you reach out to the market in a short period. Develop a user-friendly crypto exchange with a wide range of crypto assets that attract users to invest in. Making these work will let you create a new crypto market in Korea.
Are you confused about how to start a crypto exchange in South Korea then this article would be a great way to know all the regulations and rules for launching a crypto exchange platform in Korea. If you have a clear-cut idea in the development and launch of a Crypto exchange then you may connect with the leading Cryptocurrency exchange development company Maticz.
Maticz a pioneer in the crypto space is offering unlimited features with their crypto exchange development process. With a well-experienced team in the blockchain area, the team has launched more than 200+ projects in the digital space. So to launch a feature-packed crypto exchange platform with a wide range of crypto assets you may connect with the experts of Maticz.
With growing crypto trend and the attraction to crypto assets by the young generation have improved the growth of crypto exchanges and crypto-related platforms in a minimal period. So, as a cryptopreneur choosing a crypto exchange as a business model will be the right choice to enter the crypto space business.
Have a Project Idea? Discuss With Us
Submit Necessary Details