The institutionalization of the encrypted market in Korea has accelerated: the accounts of the five major exchanges are 6590, with Bithumb accounting for almost half

On 23 August, Korea Associated Press reported that the Korea Financial Supervisory Authority had today submitted data to the Korean Parliamentary Council for disclosure of the corporate accounts of the five Korean virtual asset exchanges (Upbit, Bithumb, Coinone, Digital Assembly Exchange, Gopax) registered as at the end of July, totalling 6590:1 In terms of the distribution of exchanges, Bithumb registered corporate accounts to a maximum of 3280; and the Upbit operator, Dunamu, had 2086 accounts. The total number of corporate accounts in the two main exchanges was 5366 or 81.4 per cent of the total. In addition, there are 620 Korbit, 539 Coinone and 65 Gopax. In terms of compliance, the corporate accounts of the completed customer identification (KYC) number 711, or 10.8 per cent of all corporate accounts of the enterprise. Upbit was the largest, at 290; Bithumb was 199; Korbit was 184; Coinone and Gopax were 33 and 5 respectively. 3 In terms of the size of virtual asset holdings, the virtual assets in the accounts of Korean enterprises are approximately 4,377 million won (approximately US$ 31.2 million), of which the Upbit platform has the highest share, with approximately 27,080 million won or 62.4 per cent of the total; Bithumb approximately 6,29 million won and Coinone about 5,150 million won. The size of deposits in corporate accounts is about 9.13 billion won。