BlockBeats News, December 12, according to BlockBeats citing Coingecko data, Upbit’s November spot trading volume was $64 billion, ranking just above Kraken among mainstream CEXs. Compared to other mainstream CEXs, its trading volume is nearly one-tenth of Binance’s and about 66% of Coinbase’s.
In addition, according to Dotemirates and Similarweb, Upbit’s app was downloaded 226,000 times in November, with a website traffic of 8.21 million visits, ranking at the bottom among mainstream CEXs.
It is worth noting that due to the impact of the crypto winter, Korean users’ enthusiasm for crypto speculation has waned, which is the main reason for Upbit’s poor performance in November. However, for Upbit, which is about to go public in the United States, its investment value can still be seen through the above data a glimpse.
BlockBeats published an article yesterday titled “Exclusive | In-Depth Analysis of Upbit’s US Listing: Korea’s Largest Crypto Exchange More Profitable Than Coinbase, But Valued at Only 1/7,” pointing out that Upbit’s parent company Dunamu is heading to the U.S. stock market for an IPO, with a current valuation of $10.3 billion.
