Report: Crypto Exchanges in South Korea Scrambling to Survive as Bear Market Hits Hard

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According to a local publication Blockinpress, crypto exchanges in South Korea are struggling to adjust to changing market conditions and the 14-month-long correction. Since January 2018, the global crypto exchange market has seen a rapid decline in volume. With the exception of Bitcoin and Ethereum, the majority of both major digital assets and tokens have seen a 50 to 90 percent decline in daily volume. Local Crypto Exchanges Considering Laying Off Employees The report revealed that the country’s largest exchanges in the likes of Bithumb and Korbit are evaluating voluntary resignation of at least 10 percent of their employees. Speaking

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