随着横向保证在虚拟资产市场中，国内硬币交换的交易价值跌落。

随着横向保证在虚拟资产市场中，国内硬币交换的交易价值跌落。

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.

随着虚拟资产市场的横向保证，国内硬币交易所的交易价值迅速下降。特别是，与全球交易所相比，交易价值的急剧下降表明，国内投资者剩下的速度更快。

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.

根据Coingecko在第29届Coingecko表示，截至28日，今年韩国五次主要交易所（Upbit，Bithumb，Coinone，Cobbit和Gofox）的交易价值下降了约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，五项主要交易所的交易价值达到67.66亿美元。这种交易价值在28日降至39.839亿美元。

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，在二元公司的情况下，世界第一交易所的交易价值在同一时期仅降低了17.79％。与Binance相比，国内交易所交易价值的下降大于两倍以上。

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

Kimchi Premium（基于Upbit和Binance）显示了韩国和海外比特币价格的差异，最近也记录了负面的。

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，泡菜溢价降至-0.53％。截至上午9点，它再次上升至0.22％，但仍然很低，而去年年底记录的1.12％。 2月，泡菜溢价飙升至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.

与全球市场相比，Kimchi Premium的迅速下降显示出对韩国虚拟资产市场的兴趣较小。总的来说，当国内投资者的需求大于外国投资者的需求时，泡菜保费也会上升。

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

韩国虚拟资产的兴趣大大下降的原因是，altcoins今年没有使用其权力。

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.

根据TradingView的数据，比特币优势显示了比特币在虚拟资产总资本化中的比例，为64.30％（截至第29位），比年初增长了约10.72％。高比特币优势表明，与比特币相比，替代币的市场价格降低。

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

但是，国内投资者以比比特币更高的比例购买山寨币。

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%.

根据去年上半年金融服务委员会金融信息分析研究所（FIU）对虚拟资产运营商的一项调查，比特币在全球虚拟资产市场中的市值为54.4％，但其在国内市场的份额降低了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.

根据FIU调查，在全球市场上，比特币以外的Altcoins的比例为45.6％，而国内市场的比例为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，人们越来越期望公司和机构在虚拟资产市场中的参与将更加活跃。

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.

在下半年可能影响加密货币市场的关键问题之一是推出了基于Altcoin的现货交易所交易基金（ETF），这些基金已在美国积极讨论

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.

今年早些时候，美国证券交易委员会（SEC）拒绝了与投资公司WisdomTree提交的与比特币期货价格相关的ETF的申请。

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

但是，据报道，富裕和造型等机构正在准备申请新产品。

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，还报告说，SEC正在考虑与Dogecoin等主要山寨币相关的ETF的申请。

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，欧洲资产管理公司Coinshares申请列出ETF，该ETF追踪了阿姆斯特丹的EuroNext Exchange，包括六个加密货币的价格，包括比特币和以太坊。

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.

如果申请获得批准，这将是ETF首次投资于一篮子主要的加密货币上，已在欧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，韩国国内加密货币市场的交易价值在全球排名第十，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.

金融服务委员会（FSC）准备在下半年为加密货币行业引入一个新的监管框架。

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.

预计新的监管框架将包括对加密货币交易所注册和监督的规定，以及有关加密货币发行和交易的规则。

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

FSC还考虑了启动一项试点计划，以供机构投资者投资加密货币。

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说：“这个问题发生在Cobit可以扮演的角色方面的重要时刻。”