South Korean Crypto Exchanges Upbit and Bithumb See Revenue Halve in H1

South Korea's major exchanges, Upbit and Bithumb, reported significant declines in revenue and profit for the first half of 2026. Dunamu, Upbit's parent company, saw revenue drop 49.1%, while Bithumb's revenue fell 48.7%. The downturn is attributed to the decline in crypto asset prices and a shift in capital toward the semiconductor sector in the local stock market.