Most cryptocurrency exchanges in South Korea are subject to bankruptcy

Business Korea covered a report suggesting that most cryptocurrency exchanges in South Korea, are subject to bankruptcy.
The report cited low trading volumes, as to why this danger is so prominent for domestic companies.

Ken Chigbo Independent Analyst

Nearly every single cryptocurrency exchange based in the country of South Korea are subject to all go into bankruptcy, according to a report from Business Korea.

In terms of the report from Business Korea, it covers ground that the only companies that are “safe” from going into bankruptcy are the ones that belong to the top 100 list available in the world.

Business Korea is citing low trading volumes as to the main reason for why this danger of losing so many companies is possible.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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