#SouthKoreaCryptoPolicy
4. Exchange & Market Developments
Licensing Crackdown (June 2025 Update)
Only 5 exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) fully licensed.
Foreign exchanges (Binance, OKX, Bybit) still restricted from Korean users.
Upbit Dominance
Handles 80%+ of Korean crypto trading volume.
