Asia’s weekly TOP10 crypto news (Nov 17 to Nov 23)
1. South Korean Crypto Exchanges Face Revenue Pressure as Trading Volume Drops to This Year’s Low Amid Sharp Market Downturn link
South Korean crypto exchanges are grappling with revenue pressures as plummeting market conditions have dragged their trading volumes to the lowest level this year. Data shows that since November, the average daily trading volume of Upbit and Bithumb has been only about $1.88 billion, a figure far below the peak of $7.8 billion recorded in January. Previously, fueled by the Bitcoin rally, the third-quarter profits of the two exchanges surged dramatically: Dunamu, the parent company of Upbit, achieved an operating profit of 235.3 billion won (approximately $161.7 million), representing a year-on-year increase…
