On November 29, according to Bizwatch, the Virtual Asset Exchange Association (DAXA), which consists of Upbit, Bithumb, Coinone, KOBIT, and GOPAX, announced that it had elected KOBIT as the chairman's office. Accordingly, KOBIT CEO Oh Se-jin will serve as the second chairman for two years starting in January next year. DAXA is a non-profit organization established to promote the sound development of the virtual asset industry and protect investors. As the chairman of DAXA, Oh Se-jin is expected to play a leading role in promoting the development of the virtual asset industry in Korea.