South Korean crypto exchange operating profits dropped 78% in the first half of 2026. Trading volume, market cap, and customer deposits all moved lower with it. The local spot business is thinner than it looked a year ago.
At the same time, the financial regulator floated detailed rules for tokenized securities ahead of a 2027 rollout: capital requirements, OTC trading licenses, and caps on what retail can buy. So the brokerage side is bleeding while the policy shop is still wiring the next product lane.
If you’re watching Korea, the near-term signal is quieter flow. The longer one is whether tokenization actually opens a new fee line before volumes recover.
$GTC $SAND $AAVE
At the same time, the financial regulator floated detailed rules for tokenized securities ahead of a 2027 rollout: capital requirements, OTC trading licenses, and caps on what retail can buy. So the brokerage side is bleeding while the policy shop is still wiring the next product lane.
If you’re watching Korea, the near-term signal is quieter flow. The longer one is whether tokenization actually opens a new fee line before volumes recover.
$GTC $SAND $AAVE