South Korea’s probe targets potentially exploitative fee structures at major exchanges like Upbit and Bithumb. Regulators suspect opaque charging models, including withdrawal fees exceeding network costs and hidden trading fees. This follows consumer complaints about inconsistent pricing across platforms.
The investigation aligns with broader financial consumer protection initiatives. Authorities aim to standardize fee disclosures and prevent anti-competitive practices, especially as crypto integrates with traditional finance through institutions like Samsung Securities.
Outcomes may include fee caps or mandatory transparency standards. This could reduce retail trading costs but squeeze exchange profit margins, potentially accelerating industry consolidation among compliant platforms.
