TechFlow reports that on October 23, data submitted by South Korea's Financial Supervisory Service to the National Assembly's Committee on Finance revealed that among 1,482 cryptocurrencies listed on the country’s five major crypto exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax) between January 2018 and August 2024, 517 (34.9%) have been delisted.
The delisted cryptocurrencies had an average listing duration of 748 days; however, 54% failed to survive two years, and 20.7% lasted less than one year. The shortest listing period was just 77 days, recorded by the DigiXDAO (DGD) token, which was delisted in January 2018.
Although South Korea implemented the Virtual Asset User Protection Act in July 2024, listing standards for cryptocurrencies are still determined autonomously by individual exchanges. Experts point out that these ambiguous criteria have led to a phenomenon where numerous cryptocurrencies are quickly launched and then disappear. In contrast, during the same period, not a single stock was delisted from the Korea Exchange (KOSPI).
