Seismic shift in South Korea's cryptocurrency exchange market due to fee-free effect = South Korea

According to Coin Gecko, which analyzes crypto asset market data, the market share of the five largest crypto asset exchanges in South Korea, based on the number of transactions on the 18th, is 68.7% for Upbit and 2 for Bithumb.
8.7%, CoinOne 1.8%, GoPax 0.4%, and Corbit 0.2%. In early October, before Bithumb, GoPax and Corbit announced fee-free
Looking at market share compared to , Bithumb has increased by 16%. GoPax and Corbitt rose 0.3% and 0.1%, respectively. Upbit's market share at the beginning of October was 85.4
%, Bithumb 12.1%, Coin One 2.2%. GoPax and Corbitt each had 0.1%. In addition, the three companies that have declared fee-free include the South Korean crypto asset “Wimix”.
” was listed on the stock market. Bithumb's market share has increased by more than 10% since December 11th (17.3%), before Wimix was listed.
Corbit also increased its market share to third place on the night of the 16th, overtaking CoinOne. took 3rd place
This will be from early March 2019 onwards. However, since this change in the market share of crypto asset exchanges is due to the free commission, it is unclear whether the effect of increasing market share will continue in the long term.
It's transparent. An industry official said, ``We will need to appeal to the users we have attracted by offering no fees and be more attractive than other exchanges to prevent them from losing customers.''