韓國準備推出比特幣 ETF，引發亞洲加密貨幣熱潮

美國證券交易委員會批准比特幣 ETF 標誌著美國的重大轉折點。香港和韓國也準備效仿，香港可能會在 2024 年 1 月底之前推出 ETF。

South Korea Poised to Launch Bitcoin ETF, Sparking Crypto Market Surge in Asia

韓國準備推出比特幣 ETF，引發亞洲加密貨幣市場激增

Hong Kong, South Korea Lead the Way in Bitcoin ETF Race

香港、韓國在比特幣 ETF 競賽中領先

The global crypto landscape is witnessing a pivotal moment with the imminent launch of Bitcoin Exchange-Traded Funds (ETFs) in major markets. The United States has already set the stage with the approval of eleven Bitcoin ETF applications, effective January 11, 2024. Now, Hong Kong is poised to become the next major player, with an expected green light by the end of this month. South Korea, keen to gain an early advantage in East Asia, is also considering an early launch.

隨著比特幣交易所交易基金（ETF）即將在主要市場推出，全球加密貨幣格局正經歷一個關鍵時刻。美國已經準備好批准 11 項比特幣 ETF 申請，並於 2024 年 1 月 11 日生效。渴望在東亞獲得早期優勢的韓國也考慮儘早推出。

Intensifying Competition in Korean Crypto Market

韓國加密貨幣市場競爭加劇

The anticipated Bitcoin ETF launch in South Korea has ignited fierce competition among crypto exchange platforms, particularly in the realm of trading fees. Upbit has long dominated the market, capturing nearly 82% of the market share over the past three years. However, the emergence of new competitors is challenging Upbit's former dominance.

預計在韓國推出的比特幣 ETF 引發了加密貨幣交易平台之間的激烈競爭，特別是在交易費用領域。 Upbit 長期佔據市場主導地位，過去三年佔據近 82% 的市場。然而，新競爭對手的出現正在挑戰Upbit以前的統治地位。

Korbit and Bithumb initially sought to steal market share through zero-fee campaigns. However, these strategies have proven detrimental, with Bithumb withdrawing its campaign after experiencing a 60% drop in revenue. Korbit, despite not experiencing such a significant decline, is expected to hover around a mere 1% market share in 2024.

Korbit 和 Bithumb 最初試圖透過零費用活動來搶佔市場份額。然而，事實證明這些策略是有害的，Bithumb 在收入下降 60% 後撤回了其活動。儘管 Korbit 沒有經歷如此顯著的下降，但預計 2024 年市佔率將徘徊在 1% 左右。

Bithumb has emerged as the most successful player, achieving a threefold increase in market share. While this boost does not fully compensate for the decline in revenue, it provides a glimmer of hope for the company. Coinone, a relatively new entrant, is also making waves in the market share race.

Bithumb 已成為最成功的參與者，市場佔有率實現了三倍成長。雖然這種成長並不能完全彌補收入的下降，但它為公司帶來了一線希望。 Coinone 作為一個相對較新的進入者，也在市場份額競賽中掀起了波瀾。

Macroeconomic Factors and Market Share Gains

宏觀經濟因素和市佔率的成長

South Korean crypto markets are benefiting from two key factors:

韓國加密貨幣市場受益於兩個關鍵因素：

1. Improved Macroeconomic Environment: The South Korean Won (KRW) has surpassed the US Dollar in terms of cumulative trade volume in the first quarter of 2024. This improvement in macroeconomic conditions is a positive sign for the crypto market in the country.
2. Rising Competition in the Industry: The increased competition among crypto exchange platforms has fueled trading volume and boosted market activity.

Bitcoin ETF Launch to Catalyze Asian Market Growth

宏觀經濟環境改善：2024 年第一季韓元 (KRW) 的累積貿易量超過美元。的競爭加劇刺激了交易量並促進了市場活動。

The early launch of Bitcoin ETFs in South Korea and Hong Kong is expected to have a transformative impact on the Asian crypto market. The surge in trading volume and investor interest will provide a boost to the entire region.

韓國和香港提前推出比特幣 ETF 預計將對亞洲加密貨幣市場產生變革性影響。交易量和投資者興趣的激增將為整個地區帶來提振。

Hong Kong's Spot Bitcoin ETF and Ether ETF approvals are likely to bolster economic sentiment in Asia-Pacific (APAC) markets, despite the recent bear market in the overall crypto market. Bitcoin (BTC) and Ether (ETH) prices have experienced declines in the past 24 hours, but the long-term outlook remains positive.

儘管近期整體加密貨幣市場出現熊市，但香港現貨比特幣 ETF 和以太坊 ETF 的批准可能會提振亞太地區 (APAC) 市場的經濟信心。比特幣（BTC）和以太幣（ETH）價格在過去 24 小時內經歷了下跌，但長期前景仍然樂觀。

Conclusion:

結論：

The launch of Bitcoin ETFs in South Korea and Hong Kong is a significant development that will reshape the global crypto landscape. The increased accessibility and regulatory clarity will attract new investors and boost trading activity. By embracing this innovative financial instrument, South Korea and Hong Kong are positioning themselves as leaders in the evolving crypto ecosystem and paving the way for continued growth in the Asian market.

韓國和香港推出比特幣 ETF 是一項重大進展，將重塑全球加密貨幣格局。增加的可及性和監管的清晰度將吸引新的投資者並促進交易活動。透過採用這種創新的金融工具，韓國和香港將自己定位為不斷發展的加密貨幣生態系統的領導者，並為亞洲市場的持續成長鋪平了道路。