So do you think other exchanges in Korea would be like "you know what, we want some of those whales on our exchange too"?
I think the idea of being slapped with a fine creates uncertainty, let's see how it pans out, because news like this creates jitters
@tipu curate
Upvoted 👌 (Mana: 46/56) Liquid rewards.
I do think other exchanges will want those transaction fees, absolutely, and will start to court users of Upbit who may want to jump ship.
The situation with Upbit is known for a bit, at least by insiders (the notice was received on January 9th), and nothing drastic happened. I don't believe whales are in the business of crashing the price of their holdings, particularly when it's nothing wrong with them, only potentially with the exchange. They find smarter ways.