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    Home»The institutionalization of the South Korean cryptocurrency market accelerates: 6,590 corporate accounts at 5 major exchanges, with Bithumb accounting for nearly half
    August 23, 20260 Views

    The institutionalization of the South Korean cryptocurrency market accelerates: 6,590 corporate accounts at 5 major exchanges, with Bithumb accounting for nearly half

    EditorBy EditorAugust 23, 2026No Comments2 Mins Read
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    FEED Market ChainCatcher August 23, 2026 August 23, 2026 2:57 am 1 views #2284756

    The institutionalization of the South Korean cryptocurrency market accelerates: 6,590 corporate accounts at 5 major exchanges, with Bithumb accounting for nearly half

    2026-08-23 10:55:54

    According to a report by the Korean News Agency, the Financial Supervisory Service of Korea submitted data to the National Assembly’s Political Affairs Committee, revealing that as of the end of July, the five major virtual asset exchanges in Korea (Upbit, Bithumb, Coinone, Digital Asset Exchange, Gopax) have registered a total of 6,590 corporate accounts.

    In terms of the distribution of exchanges, Bithumb has the highest number of registered corporate accounts, reaching 3,280; Upbit’s operator Dunamu has 2,086 accounts. The two major exchanges account for a total of 5,366 corporate accounts, which is 81.4% of the total. Additionally, Korbit has 620, Coinone has 539, and Gopax has 65.

    Regarding compliance, there are a total of 711 corporate accounts that have completed customer identity verification (KYC), accounting for 10.8% of all corporate accounts. Among them, Upbit has the most with 290; Bithumb has 199, Korbit has 184, and Coinone and Gopax have 33 and 5, respectively. In terms of the scale of virtual asset holdings, Korean corporate accounts hold approximately 43.377 billion Korean won (about 31.2 million USD), with Upbit accounting for the highest share, holding approximately 27.08 billion Korean won, which is 62.4% of the total; Bithumb holds about 6.29 billion Korean won, and Coinone holds about 5.15 billion Korean won. The deposit scale of corporate accounts is approximately 9.13 billion Korean won.

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    ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click “Report”, and we will handle it promptly.
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    Upbit

    Bithumb

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    Bithumb

    KYC

    Source: ChainCatcher

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    Original source ChainCatcher https://www.chaincatcher.com/en/article/2284756
    ← Previous update Trump reduced his holdings in Coinbase and Strategy in June, and bought into Robinhood Next update → The five major exchanges in South Korea have registered 6,590 corporate accounts, with…
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