According to TechFlow, the Financial Supervisory Service (FSS) of South Korea urgently convened five major virtual asset exchanges including Upbit and Bithumb to discuss the issue of deposit utilization rates.

This move stems from the recent intensified competition among exchanges for fees, especially Bithumb, which once raised its annualized interest rate to 4.0% before withdrawing it. The FSS emphasizes that the utilization rate should be reasonably calculated and requires exchanges to report in detail on deposit operations and fee calculation methods.