South Korea's Financial Services Commission announced plans to investigate the market monopoly structure of Upbit, the country's largest cryptocurrency exchange. Upbit is also the world's second-largest spot cryptocurrency exchange, and its market dominance grew after forming a business partnership with K-Bank. As K-Bank prepares to go public, it has been revealed that around 20% of its total deposits come from Upbit crypto customers.

This investigation by South Korea's Financial Services Commission sheds light on the growing influence of Upbit in the cryptocurrency market. It will be interesting to see how this examination of market monopoly structure unfolds.