South Korea just flipped the CEX game upside down 🇰🇷
Regulation killed local shitcoins. Korean exchanges now list only overseas tokens that already traded elsewhere. Zero homegrown pump-and-dumps.
The good: Way fewer rug pulls. Delisting rate crashed. More stable listings.
The bad: These overseas coins come with dead liquidity on Day 1. Fee revenue? Brutal.
Exchanges can't survive on listing fees anymore. They're scrambling for new revenue models.
Market cycles still control everything. Bull runs = more listings. Bear markets = ghost town.
Korea went from degen paradise to regulated snooze fest. Safer? Yes. Profitable for exchanges? Not really.
Regulation killed local shitcoins. Korean exchanges now list only overseas tokens that already traded elsewhere. Zero homegrown pump-and-dumps.
The good: Way fewer rug pulls. Delisting rate crashed. More stable listings.
The bad: These overseas coins come with dead liquidity on Day 1. Fee revenue? Brutal.
Exchanges can't survive on listing fees anymore. They're scrambling for new revenue models.
Market cycles still control everything. Bull runs = more listings. Bear markets = ghost town.
Korea went from degen paradise to regulated snooze fest. Safer? Yes. Profitable for exchanges? Not really.
