The four major Korean exchanges have pledged assets of about $3.4 billion, with more than 1.22 million users

On 31 August, the Korean Federation reported that, as of the end of July, the encoded assets pledged at the Upbit, Bithumb, Coinone and Korbit exchanges in Korea had a total of approximately $3.4 billion, and that the pledge users had reached 122.55 million, with an average of $7.57 million a month. By the size of the pledged assets, Upbit continues to be in the lead with a share of about US$ 17.64 billion and 51.78 per cent, with Bithumb being about US$ 14.81 billion and 43.41 per cent; however, Bythumb has exceeded Upbit since January of this year, with about 59.27 million pledged users at the end of July, or 48.37 per cent of the total, while Upbit is about 3595 million。