韩国虚拟资产交易所市场中 Upbit 的“高度集中”格局出现缓解，Bithumb 市占率回升
Xin Lang Cai Jing·2026-01-06 03:59
Core Insights - The market concentration in South Korea's virtual asset exchange sector is easing, with Bithumb's market share significantly recovering [1] Market Overview - As of Q4 2025, the total trading volume of the top five Korean won exchanges is approximately 402 trillion KRW [1] - Upbit's market share has decreased to 65%, down from nearly 80% at the end of 2024 [1] - Bithumb's market share has increased to 31.1%, reflecting a rise of about 10 percentage points over the past year [1] - The remaining exchanges, Coinone, Korbit, and Gopax, collectively hold less than 4% market share, indicating that liquidity remains highly concentrated in the top two platforms [1]