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TechFlow news, according to Decenter, South Korea's third-largest exchange Coinone has suffered losses for two consecutive years. Coinone recorded a net loss of 67 billion won last year, approximately $4.875 million. The gap between Coinone and the top two local exchanges, Upbit and Bithumb, continues to widen. Additionally, Coinone's resignation rate over the past year was close to 30%.
According to Decenter, South Korea's third-largest exchange, Coinone, has posted losses for two consecutive years. Last year, Coinone recorded a net loss of 6.7 billion Korean won, approximately $4.875 million. The gap between Coinone and the country's top two exchanges, Upbit and Bithumb, continues to widen. Additionally, Coinone's resignation rate over the past year has approached 30%.
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