South Korea Crypto Market Institutionalization: 5 Exchanges Have 6,590 Corporate Accounts, Bithumb Nearly Half

The concentration is the story here: nearly half of all corporate accounts sitting on a single exchange says more about how uneven Korean institutional access still is than about broad adoption. It also hints that corporate participation is being onboarded exchange by exchange rather than through uniform market-wide infrastructure. Whether that imbalance narrows as other venues catch up, or hardens into a Bithumb-centric corporate channel, is the open question worth tracking.