Korean crypto exchanges Upbit and Bithum shine after Coinbase's Nasdaq debut Posted : 2021-04-15 17:28 By Anna J. Park Major cryptocurrency exchanges based in Korea, including Upbit and Bithumb, are in the spotlight following the successful Nasdaq debut Wednesday of U.S.-based cryptocurrency exchange Coinbase, which closed up 31.3 percent at $328.28 on its first day of trading. Given that Coinbase's market cap was valued at over $87 billion based on the first day's closing price, expectations are mounting over the growth potential and possible increased market valuation of Korea's largest cryptocurrency exchange operator, Dunamu. According to the CoinMarketCap site, Upbit's 24-hour transaction amount stood at $14.5 billion as of 2:10 p.m. Korea time, which is 2.8 times higher than Coinbase's $5.1 billion. Upbit's 24-hour trading volume has constantly ranked among the world's top three lately, far exceeding the U.S.-headquartered crypto exchange.