Data indicates that there has been a notable increase in cryptocurrency trading in South Korea recently. The latest analysis by Kaiko shows that despite the zero transaction fee trading being launched only a few months ago, there has been a significant increase in Bitcoin (BTC) trading volume on the Bithumb exchange. During this period, the trading volume of the largest cryptocurrency in the exchange approached $3 billion. Bithumb, as the first major South Korean cryptocurrency exchange to eliminate all transaction fees, has made a strategic move. This move is part of an effort to significantly increase its presence in the country’s market, which is largely dominated by Upbit. Before eliminating transaction fees, Bithumb charged its users fees ranging from 0.04% to 0.25%. The zero transaction fee policy for all supported cryptocurrencies was implemented in October of last year.