The total assets of users of South Korea's top five CEXs exceeded US$86.5 billion for the first time, setting a new record
as of the end of November 2024, the total assets of the five major cryptocurrency CEXs in South Korea (Upbit, Bithumb, Coinone, Korbit, GoPax) have exceeded 11.57 trillion won (approximately 86.5 billion US dollars) for the first time, with a month-on-month increase of about 5 trillion won, reaching a historical high. In November, the monthly trading volume of stablecoins reached 1.6 trillion won, an increase of more than 6 times compared to the beginning of the year, showing a trend of a large amount of funds transferring to overseas markets. The South Korean financial regulatory agency has strengthened its supervision of abnormal transactions and issued warnings on tokens with large price differences between exchanges.
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