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S. Korean cryptocurrency exchanges thinning trading list to keep up with gov't regulationsUpbit, a South Korean cryptocurrency exchange, surpassed centralized exchanges Coinbase and OKX in terms of trading volume for the first time in. The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February , re-entering a market it had vacated. The kimchi premium is the gap in cryptocurrency prices, notably bitcoin, in South Korean exchanges compared to foreign exchanges.