隨著橫向保證在虛擬資產市場中，國內硬幣交換的交易價值跌落。

隨著橫向保證在虛擬資產市場中，國內硬幣交換的交易價值跌落。

The transaction value of domestic coin exchanges has plunged rapidly as lateral guarantees continue in the virtual asset market. In particular, the sharp decrease in transaction value compared to a global exchange shows that domestic investors have left faster.

隨著虛擬資產市場的橫向保證，國內硬幣交易所的交易價值迅速下降。特別是，與全球交易所相比，交易價值的急劇下降表明，國內投資者剩下的速度更快。

According to CoinGecko on the 29th, the transaction value of the five major exchanges in Korea (Upbit, Bithumb, Coinone, Cobbit, and GoFox) decreased by about 41.12% this year as of the 28th.

根據Coingecko在第29屆Coingecko表示，截至28日，今年韓國五次主要交易所（Upbit，Bithumb，Coinone，Cobbit和Gofox）的交易價值下降了約41.12％。

At the end of last year, the transaction value of the five major exchanges reached $6,766.86 billion. Such transaction value decreased to $3,983.97 billion on the 28th.

去年年底，五項主要交易所的交易價值達到67.66億美元。這種交易價值在28日降至39.839億美元。

On the other hand, in the case of Binance, the world’s No. 1 exchange, the transaction value decreased by only 17.79% during the same period. Compared to Binance, the decline in transaction value on domestic exchanges is more than double.

另一方面，在二元公司的情況下，世界第一交易所的交易價值在同一時期僅降低了17.79％。與Binance相比，國內交易所交易價值的下降大於兩倍以上。

Kimchi premium (based on Upbit and Binance), which shows the difference in bitcoin prices in Korea and overseas, also recently recorded negative.

Kimchi Premium（基於Upbit和Binance）顯示了韓國和海外比特幣價格的差異，最近也記錄了負面的。

On the 28th, the kimchi premium once fell to -0.53%. It rose again to 0.22% as of 9 a.m. on the 29th, but is still low compared to 1.12% recorded at the end of last year. In February, the kimchi premium soared to around 10%.

28日，泡菜溢價降至-0.53％。截至上午9點，它再次上升至0.22％，但仍然很低，而去年年底記錄的1.12％。 2月，泡菜溢價飆升至10％左右。

The rapid decline in kimchi premium shows less interest in the virtual asset market in Korea compared to the global market. In general, when domestic investors’ demand is greater than that of foreign investors, the kimchi premium also rises.

與全球市場相比，Kimchi Premium的迅速下降顯示出對韓國虛擬資產市場的興趣較小。總的來說，當國內投資者的需求大於外國投資者的需求時，泡菜保費也會上升。

The reason why interest in virtual assets has dropped significantly in Korea is that altcoins are not using their power this year.

韓國虛擬資產的興趣大大下降的原因是，altcoins今年沒有使用其權力。

According to TradingView, Bitcoin Dominance, which shows the proportion of Bitcoin among the total virtual asset market capitalization, was 64.30% (as of the 29th), up about 10.72% from the beginning of the year. The high Bitcoin Dominance shows that the market price of altcoins is depressed compared to bitcoin.

根據TradingView的數據，比特幣優勢顯示了比特幣在虛擬資產總資本化中的比例，為64.30％（截至第29位），比年初增長了約10.72％。高比特幣優勢表明，與比特幣相比，替代幣的市場價格降低。

However, domestic investors are buying altcoins at a higher proportion than bitcoin.

但是，國內投資者以比比特幣更高的比例購買山寨幣。

According to a survey of virtual asset operators by the Financial Services Commission’s Financial Information Analysis Institute (FIU) in the first half of last year, Bitcoin’s market capitalization in the global virtual asset market was 54.4%, but its share in the domestic market was lower at 37.2%.

根據去年上半年金融服務委員會金融信息分析研究所（FIU）對虛擬資產運營商的一項調查，比特幣在全球虛擬資產市場中的市值為54.4％，但其在國內市場的份額降低了37.2％。

According to the FIU survey, the proportion of altcoins other than Bitcoin was 45.6% in the global market, while it was higher at 62.8% in the domestic market.

根據FIU調查，在全球市場上，比特幣以外的Altcoins的比例為45.6％，而國內市場的比例為62.8％。

Recently, there are increasing expectations that the participation of corporations and institutions in the virtual asset market will be more active.

最近，人們越來越期望公司和機構在虛擬資產市場中的參與將更加活躍。

Among the key issues that can affect the cryptocurrency market in the second half of the year are the launch of altcoin-based Spot Exchange Traded Funds (ETFs), which have been actively discussed in the U.S.

在下半年可能影響加密貨幣市場的關鍵問題之一是推出了基於Altcoin的現貨交易所交易基金（ETF），這些基金已在美國積極討論

Earlier this year, the U.S. Securities and Exchange Commission (SEC) rejected an application for an ETF linked to bitcoin futures prices filed by investment firm WisdomTree.

今年早些時候，美國證券交易委員會（SEC）拒絕了與投資公司WisdomTree提交的與比特幣期貨價格相關的ETF的申請。

However, institutions such as Fidelity and Shapeshift are reportedly preparing to apply for new products.

但是，據報導，富裕和造型等機構正在準備申請新產品。

In addition, there are also reports that the SEC is considering an application for an ETF linked to major altcoins such as Dogecoin.

此外，還報告說，SEC正在考慮與Dogecoin等主要山寨幣相關的ETF的申請。

Recently, Coinshares, a European asset management company, applied to list an ETF that tracks the price of a basket of six cryptocurrencies, including Bitcoin and Ethereum, on the Euronext exchange in Amsterdam.

最近，歐洲資產管理公司Coinshares申請列出ETF，該ETF追踪了阿姆斯特丹的EuroNext Exchange，包括六個加密貨幣的價格，包括比特幣和以太坊。

If the application is approved, it will be the first time an ETF investing in a basket of major cryptocurrencies has been listed on a major European exchange.

如果申請獲得批准，這將是ETF首次投資於一籃子主要的加密貨幣上，已在歐洲的主要交易所上列出。

As of the first half of last year, the transaction value of Korea’s domestic cryptocurrency market was ranked 10th in the world, and its market capitalization was ranked 15th.

截至去年上半年，韓國國內加密貨幣市場的交易價值在全球排名第十，其市值排名第15位。

The Financial Services Commission (FSC) is preparing to introduce a new regulatory framework for the cryptocurrency industry by the second half of the year.

金融服務委員會（FSC）準備在下半年為加密貨幣行業引入一個新的監管框架。

The new regulatory framework is expected to include provisions for the registration and supervision of cryptocurrency exchanges, as well as rules on the issuance and trading of cryptocurrencies.

預計新的監管框架將包括對加密貨幣交易所註冊和監督的規定，以及有關加密貨幣發行和交易的規則。

The FSC is also considering the possibility of launching a pilot program for institutional investors to invest in cryptocurrencies.

FSC還考慮了啟動一項試點計劃，以供機構投資者投資加密貨幣。

최윤영 코빗 리서치센터장은 "이번 이슈는 코빗이라는 회사가 앞으로 나아가기 위해 어떤 역할을 할 수 있을지에 대한 중요한 시점에서 발생했다"며 "코비 시티의 시스템 유지가라는 측면에서 보면 당연히 급격한 변화가 일어날 수 밖

Cobit Research Center主任Choi Yun -Young說：“這個問題發生在Cobit可以扮演的角色方面的重要時刻。”