South Korean cryptocurrency giants contest: speed and stability in token competition

Upbit has launched seven new tokens in 10 days, including Worldcoin (WLD) and Flock (FLOCK) to cope with Bithumb's growing market share. Bithumb's market share reached 46% on September 9, while Upbit's market share was 50.6%. WLD rose 20% after listing, FLOCK rose 219.35% to $0.99, and Upbit traded volume reached $197 million. This year, nearly 300 assets denominated in South Korea’s top exchanges have launched on South Korea’s top exchanges, driving the growth of altcoins at a $3.91 trillion cryptocurrency market capitalization. Experts warn that going online quickly may increase investors' risks.