Crypto exchange staffing doubles in Korea as market saturation signs grow

The number of employees at South Korean virtual asset exchanges has doubled over the past five years. According to Yonhap News Agency, exchanges rapidly expanded their workforce, but market growth has not continued at the same pace. As crypto trading gained investor attention and entered broader regulatory discussion, exchanges appear to have increased staff for operations and management. However, with growth now clearly slowing, the domestic exchange market is increasingly viewed as approaching saturation. Since higher staffing no longer necessarily points to market expansion, competition and cost control across the exchange industry are expected to draw closer attention. Source: yna.co.kr cited.