Bithumb Strikes Back: Commission Fees Return, Rivals Beware! After four months of commission-free trading, South Korea's
Bithumb is changing its tune. Starting from February 5, a
0.04% fee will be charged on all crypto transactions.
The battle for dominance with arch-nemesis
Upbit is heating up. Bithumb aims to regain its throne as the leading South Korean exchange and even dreams of going public on the prestigious KOSPI stock market.
Commission-free trading fueled Bithumb's meteoric rise,
with market share skyrocketing from 10% to a whopping 51%. But critics argue that focusing on financial performance is crucial for long-term success.
While some claim fees are the lifeblood of exchanges,
Bithumb insists their fee-free spree was a celebration of their 10th anniversary and a strategic move to capture more market territory.
