Report: 97% of Korean cryptocurrency exchanges are on the verge of bankruptcy

According to foreign media, a new report from Business Korea said that due to the sluggish trading volume, most Korean domestic cryptocurrency exchanges are on the verge of bankruptcy. The report pointed out: "In terms of transaction volume, only five or six Korean exchanges rank among the top 100 in the world. It is no exaggeration to say that 97% of Korean exchanges are in danger of bankruptcy due to low transaction volume."