韩国准备推出比特币 ETF，引发亚洲加密货币热潮

美国证券交易委员会批准比特币 ETF 标志着美国的一个重大转折点。香港和韩国也准备效仿，香港可能会在 2024 年 1 月底之前推出 ETF。在加密货币交易平台之间的竞争日益激烈的情况下，韩国正在考虑尽早推出，以在东亚市场获得优势。

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

韩国准备推出比特币 ETF，引发亚洲加密货币市场激增

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

香港、韩国在比特币 ETF 竞赛中领先

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.

随着比特币交易所交易基金（ETF）即将在主要市场推出，全球加密货币格局正在经历一个关键时刻。美国已经准备好批准 11 项比特币 ETF 申请，并于 2024 年 1 月 11 日生效。现在，香港有望成为下一个主要参与者，预计将在本月底获得批准。渴望在东亚获得早期优势的韩国也在考虑尽早推出。

Intensifying Competition in Korean Crypto Market

韩国加密货币市场竞争加剧

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.

预计在韩国推出的比特币 ETF 引发了加密货币交易平台之间的激烈竞争，特别是在交易费用领域。 Upbit 长期占据市场主导地位，过去三年占据近 82% 的市场份额。然而，新竞争对手的出现正在挑战Upbit以前的统治地位。

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 最初试图通过零费用活动来抢占市场份额。然而，事实证明这些策略是有害的，Bithumb 在收入下降 60% 后撤回了其活动。尽管 Korbit 没有经历如此显着的下降，但预计 2024 年市场份额将徘徊在 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 已成为最成功的参与者，市场份额实现了三倍增长。虽然这种增长并不能完全弥补收入的下降，但它为公司带来了一线希望。 Coinone 作为一个相对较新的进入者，也在市场份额竞赛中掀起了波澜。

Macroeconomic Factors and Market Share Gains

宏观经济因素和市场份额的增长

South Korean crypto markets are benefiting from two key factors:

韩国加密货币市场受益于两个关键因素：

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

宏观经济环境改善：2024 年第一季度韩元 (KRW) 的累计贸易量超过美元。​​宏观经济状况的改善对该国加密货币市场来说是一个积极的信号。行业：加密货币交易平台之间的竞争加剧刺激了交易量并促进了市场活动。比特币ETF的推出将促进亚洲市场增长

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.

韩国和香港提前推出比特币 ETF 预计将对亚洲加密货币市场产生变革性影响。交易量和投资者兴趣的激增将为整个地区带来提振。

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.

尽管近期整体加密货币市场出现熊市，但香港现货比特币 ETF 和以太坊 ETF 的批准可能会提振亚太地区 (APAC) 市场的经济信心。比特币（BTC）和以太币（ETH）价格在过去 24 小时内经历了下跌，但长期前景仍然乐观。

Conclusion:

结论：

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.

韩国和香港推出比特币 ETF 是一项重大进展，将重塑全球加密货币格局。增加的可及性和监管的清晰度将吸引新的投资者并促进交易活动。通过采用这种创新的金融工具，韩国和香港将自己定位为不断发展的加密货币生态系统的领导者，并为亚洲市场的持续增长铺平了道路。