The number of cryptocurrencies traded domestically increased by 13% compared to last year... The proportion of ”exclusive listings” decreased

News 1 reported that the number of cryptocurrencies traded domestically increased in the first half of this year as cryptocurrency exchanges aggressively promoted listings.
However, the number of so-called "exclusively listed" virtual currencies, which are traded only on specific domestic exchanges, has decreased. Exchanges are mainly active overseas.
This is interpreted as being due to the listing of promising virtual currencies.
According to the survey, as of the end of June this year, there were 1,538 virtual currencies (including duplicates) being traded in Korea, an increase of 13% (181) from the end of last year (1,357).
In particular, it was found that cryptocurrency exchanges in the won-denominated market supported an average of 260 cryptocurrency transactions, an increase of 36 from the end of last year.
The average number of cryptocurrency exchanges on CoinMarket is 20, the same level as at the end of last year. Even excluding duplicates, the number of cryptocurrencies traded domestically has increased.
The number of cryptocurrencies listed is 653, up 9% (55) from the end of last year (598). This is interpreted as a result of domestic cryptocurrency exchanges aggressively promoting new listings this year.
In particular, Bithumb listed a total of 79 new cryptocurrencies on the won-denominated market in the first half of this year alone. However, the number of cryptocurrencies listed exclusively has decreased. What are crypto assets listed exclusively?
This refers to coins that are only traded on specific domestic exchanges and not on other exchanges, such as overseas exchanges. Of the domestically circulating virtual currencies, there are 279 types of virtual currencies listed exclusively, up from 287 types at the end of last year.
In addition, among the cryptocurrencies listed on Exclusive, the number of domestic cryptocurrencies, so-called "Kimchi Coins," is now 86 (31%), which is also an 11% (
The number of cryptocurrencies has decreased by 11. "Kimchi Coin" refers to cryptocurrencies issued by Koreans or cryptocurrencies traded in the majority of the country (over 80%).
This is interpreted as a reflection of the recent trend of listings. Recently, cryptocurrency exchanges have become relatively risky.
Rather than choosing an exclusive listing with a high price, we will choose promising overseas cryptocurrencies that will be listed simultaneously on domestic and overseas cryptocurrency exchanges at the time of token release, or cryptocurrencies that are already actively traded on overseas exchanges.
There is a growing trend towards new listings. However, the proportion of exclusive listed cryptocurrencies remains high on the CoinMarket cryptocurrency exchange.
Only by listing coins that are not listed can they generate minimum sales. The percentage of cryptocurrencies listed exclusively on the CoinMarket exchange remains high at 96%, down from the end of last year.
It also increased by 14 points.