The average daily trading volume for Upbit and Bithumb dropped to 1.88 billion USD as of November, reflecting a weakening market. Bitcoin’s price has decreased roughly 25% from its peak in October.
Despite a 180% increase in Dunamu’s Q3 profit totaling 235.3 billion won, both exchanges are under pressure due to low market activity, as transaction fees constitute about 98% of their revenue.
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