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Cryptopolitan 2019-08-19 16:00:57

97% of Korean crypto exchanges could soon go bankrupt

According to a report from Business Korea, nearly every single cryptocurrency exchange located within South Korea could soon be gone due to bankruptcy. The report states that the only companies that are “safe” from bankruptcy are the ones that belong to the top 100 list available in the world. Business Korea cites low trading volumes as to the main reason as to why there’s this danger of losing so many companies. There are no real numbers attached to the report, therefore we have to base assumptions on what has already happened and what’s happening right now. It’s already common knowledge

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