Survey: Nearly 35% of tokens launched in South Korea in the past 7 years have been delisted

On October 23rd, according to a survey by the Korean Financial Supervisory Service, nearly 35% of virtual assets listed on the five major Korean cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax) from January 2018 to August 2024, a period of seven years, have been delisted. Since the rise of cryptocurrency trading in 2018, these five exchanges have listed a total of 1482 cryptocurrencies, of which 517 have been delisted. The average lifespan of these virtual assets on the platforms is about 748 days, or just over two years. The report also pointed out that 54% of the delisted assets were removed within the first two years after listing.