Korean Crypto Exchange Upbit Seeks to Challenge Binance's Shiba Inu Dominance

The cryptocurrency market has seen significant fluctuations in recent days, with the trading volume of Shiba Inu (SHIB) experiencing a sharp decline. Major Korean crypto exchange Upbit is now looking to capitalize on this trend by increasing its focus on SHIB.

Upbit's move is likely a response to Binance's previously dominant position in the SHIB market. However, with trading volume down 35% in just 24 hours, it appears that Binance may be losing ground.