According to the Crypto Market Report conducted by Xangle on the leading cryptocurrency exchanges in South Korea, Bithumb generated 100 percent of its revenues in the first half of 2022 through transaction fees, while for Upbit this figure is around **** percent. Coinbase's share is notably lower with around **** percent of its revenue generated by these fees. This can be attributed to the company's strategy to diversify, with Coinbase introducing a subscription-based revenue model, including customer support services.
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CoinMarketCap. (December 2, 2022). Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
CoinMarketCap. "Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange." Chart. December 2, 2022. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
CoinMarketCap. (2022). Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
CoinMarketCap. "Share of Revenue Generated from Cryptocurrency Transaction Fees in South Korea in The 1st Half of 2022, by Crypto Exchange." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 2 Dec 2022, /statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
CoinMarketCap, Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange ÌÇÐÄÆƽâ°æ, /statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/ (last visited July 30, 2026)
Share of revenue generated from cryptocurrency transaction fees in South Korea in the 1st half of 2022, by crypto exchange [Graph], CoinMarketCap, December 2, 2022. [Online]. Available: /statistics/1390483/south-korea-cryptocurrency-transaction-fees-revenue-share-by-crypto-exchange/
