DeFi

South Korea will regulate cross-border crypto transactions from 2025, requiring businesses to register and report trades to enhance financial transparency.

Binance’s market share declined from 52.5% to 39.5%, while competitors like Bybit, OKX, and decentralized exchanges are gaining traction rapidly.

Over 34,000 crypto users in South Korea face uncertainty as exchanges shut down, leaving $13M in unclaimed assets due to regulatory changes.