This Christmas, the gift-giver is actually them! The two major South Korean exchanges are simply crazy.

On Upbit, the main players are Uxlink and Moca, while on Bithumb, it's Uxlink, $Pengu, and Moca. Looking at the gainers list, it's indeed U and M that have surged the most; it seems that we need to follow the rhythm of the South Korean exchanges to trade coins next?

Now let's take a look at that trading volume; I've counted several times and I really didn't misread it. On Upbit alone, the trading volume of Uxlink actually reached 1.6 billion USD! Recently, some new coins like Move and Vana have also shown good volume and price performance after being listed on the South Korean exchanges.

It seems that the influence of South Korean exchanges will continue to grow, and whether a project can be listed on the two major exchanges may become an important criterion for measuring its strength. The landscape of CEXs may also undergo new changes because of this.