Upbit, Bithumb shared 89 new coin listings, or 41% of total

South Korea’s top two crypto exchanges, Upbit and Bithumb, newly listed 89 of the same digital assets on their KRW trading pairs over the past one year and seven months, accounting for 41% of the 217 total new listings across the two exchanges during that period, Digital Asset reported. The report said Upbit announced first and Bithumb followed in 42 cases, while Bithumb announced first and Upbit followed in 47 cases. The median lag for follow-on listings was about one hour for Bithumb and about 33 days for Upbit, indicating Bithumb, the No. 2 operator, was more aggressive in matching Upbit’s new listings.