According to CoinMeta, and as reported by Yonhap News, as of the end of July, the five major cryptocurrency exchanges in South Korea – upbit, bithumb, coinone, korbit, and gopax – had registered a total of 6,590 corporate accounts. Among them, bithumb held 3,280 such accounts, and upbit held 2,086. A total of 711 corporate accounts were active on KYC, and 29 of these accounts actually conducted transactions last month. The value of cryptocurrency assets held by corporations through these five exchanges amounted to approximately 43.4 billion Korean won, with upbit holding about 27.08 billion Korean won. The remaining balance of deposits held by corporations was around 9.13 billion Korean won.