Binance’s Dominance in South Korea Sparks Anti-Monopoly Concerns

Quick Summary:

South Korean authorities are investigating local cryptocurrency exchanges for potential anti-monopoly breaches, fueled by Binance’s overarching dominance in the market.

Binance’s trading volume is 22 times that of all South Korean exchanges combined, including Upbit, which holds an 80% market share in the region.

This disparity in volume has raised concerns about fair competition and […]

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Article Details

Author / Journalist: Anisha Pandey

Category: Crypto

Markets: IndiaSouth Korea

Topics: Market News Binance News Market News Upbit News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 10:00:00 (20 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 138 words

Reading Time: 1 minutes read

Sentences: 44 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23569399

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 18 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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