Regulatory Alerts2025-05-20 | 84621KoFIU Unveils H2 2024 Survey Result on Virtual Asset Service Providers
The Korea Financial Intelligence Unit (KoFIU) released survey results for the second half of 2024 covering 25 registered virtual asset service providers to assess the domestic market's current state. The report indicates significant growth in the KRW-based exchange sector, with average daily trading volume, operating profits, and market capitalization rising sharply compared to the first half of the year. Conversely, the coin-only exchange market and custody services experienced notable declines in volume, profits, and user numbers due to business terminations and price drops.
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