TechFlow News, July 5: According to EToday, South Korea's top five virtual asset exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) added only 117 new listings in the first half of the year, a 44% decrease from 210 in the same period last year; the net increase plummeted from 191 to 49, a 74% year-over-year decline. Meanwhile, the number of delistings surged from 19 to 68, an increase of 258%. Global virtual asset trading volume recorded $46.07 billion in June, a 34% decrease from $70 billion in the same period last year. The shrinkage in trading volume directly compressed fee revenue; Dunamu (Upbit's parent company) and Bithumb's fee revenue in the first quarter accounted for 97.49% and 99.99% of operating revenue respectively, highlighting the issue of high dependence on retail spot trading.
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