Nearly 30% of Assets in South Korea's Top 5 Exchanges Can Only Be Traded on One Platform

The five major South Korean won exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX—support approximately 606 types of cryptocurrency assets. Among these, 164 types (27.1%) are only traded on one exchange, while 324 types (53.5%) are traded on two or fewer exchanges. Analysis indicates that being listed on a single exchange does not necessarily imply that the asset is at risk. If the relevant assets are actively traded on overseas exchanges or support smooth withdrawals, investors still have other exit channels. However, for assets with low overseas trading volumes and limited deposit and withdrawal networks, once support is terminated, investors may face difficulties in selling and transferring. Among the assets supported by a single exchange, Coinone supports the most with 55 types; Bithumb supports 54 types, GOPAX 25 types, Upbit 16 types, and Korbit 14 types. The median trading volume of these 164 assets in the past 24 hours is approximately 1.37 million won, with 79 types having a trading volume of less than 1 million won and 38 types having zero trading volume.