According to the Crypto Market Report conducted by Xangle on the leading cryptocurrency exchanges in South Korea, Bithumb generated 100 percent of its revenues in the first half of 2022 through transaction fees, while for Upbit this figure is around 98.5 percent. Coinbase's share is notably lower with around 84.8 percent of its revenue generated by these fees. This can be attributed to the company's strategy to diversify, with Coinbase introducing a subscription-based revenue model, including customer support services.
Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange
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CoinMarketCap. (December 2, 2022). Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
CoinMarketCap. "Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange." Chart. December 2, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
CoinMarketCap. (2022). Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
CoinMarketCap. "Share of Revenue Generated from Cryptocurrency Transaction Fees in South Korea in The 1st Half of 2022, by Crypto Exchange." Statista, Statista Inc., 2 Dec 2022, https://www.statista.com/statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
CoinMarketCap, Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange Statista, https://www.statista.com/statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/ (last visited November 21, 2024)
Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange [Graph], CoinMarketCap, December 2, 2022. [Online]. Available: https://www.statista.com/statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
