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Is Upbit (Dunamu) a unicorn?

This week, it was reported that, according to the Ministry of SMEs and Start-ups (MSS), crypto exchanges Upbit (Dunamu) and Bithumb achieved unicorn status in 2021. Upbit in fact ranked 2 nd on the Seoulz rankings, with a valuation of $8.5bn.

How many Upbit tokens are available for trading?

As of June 21, Upbit had 178 tokens available for trading. Bithumb had 178 and Coinone had 180. This is up to six times the number of tokens listed by smaller competitors. Korbit has fewer than 40.

How many tokens has Bithumb listed in 2021?

Bithumb has listed 52 coins within 2021; Coinone listed 39. That means that for Bithumb to list 50 tokens in around 200 days, it would have had to list one every four days. That doesn’t provide much time to review each project.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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