Bithumb & Upbit

Bithumb: Bithumb, another major South Korean cryptocurrency exchange, has added CTR to its KRW market, enabling direct Korean won trading. This expands its trading options and caters to local investors.

Upbit: Upbit, one of South Korea's largest cryptocurrency exchanges, has listed Citrea's CTR token, opening CTR/BTC and CTR/USDT markets. This listing enhances its offerings and attracts more trading volume.

Bithumb: Bithumb is the target of a potential stake acquisition by Meritz Securities, which could provide capital, credibility, and regulatory alignment as it prepares for an IPO and a more competitive regulatory environment.

Upbit: Upbit is a major cryptocurrency exchange in South Korea operated by Upbit, which has attracted institutional investment.

Bithumb: Bithumb holds 28% retail market share; the acquisition is unlikely to affect its competitive standing.

Upbit: Upbit dominates the retail market with 69% share, but the acquisition does not directly challenge its position.

Bithumb: Bithumb accidentally distributed over $40 billion worth of Bitcoin to its customers as promotional rewards, causing a temporary selloff and attracting regulatory scrutiny. The company recovered most of the funds and stated the incident was not a security breach.

Upbit: Upbit is mentioned as the dominant player in the South Korean crypto space, with Bithumb trailing it.

Bithumb: Bithumb>>> temporarily suspended deposits and withdrawals of Poland>>> to support the Polygon v2 7.0 hard fork, indicating its support for network upgrades.

Upbit: Upbit>>> temporarily suspended deposits and withdrawals of Poland>>> to support the Polygon v2 7.0 hard fork, demonstrating its cooperation with network changes.

Bithumb: Bithumb, as a leading exchange, faces similar competitive dynamics as Upbit, with Digital X focusing on institutional infrastructure rather than retail volume.

Upbit: Upbit remains the dominant exchange in South Korea, and Mirae Asset's strategy does not directly challenge its market share, but increased institutional competition could emerge in tokenized products.

Bithumb: Bithumb, a Korean exchange, also saw revenue drops, indicating a challenging local crypto market.

Upbit: Upbit, a Korean exchange, saw revenue drops in H1 2026, reflecting a local crypto market decline that contrasts with Ripple's institutional growth.