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.

Interesting development in the cryptocurrency market in South Korea. The investigation into Upbit's market monopoly could have significant implications for the industry. The partnership with K-Bank adds another layer to this story. Exciting to see how this situation unfolds. 