Coinone Doubles Market Share as Zero-Fee Exchange Battle Heats Up

A zero-fee battle among South Korean cryptocurrency exchanges has led to Coinone and Digital X roughly doubling their market shares in September.

Coinone's share of the country's five major won-based exchanges rose to 5.9% this month from an August average of 2.72%, according to data provider CoinGecko on the 14th.

Digital X nearly doubled its share over the same period, to 1.06% from 0.55%. The two smaller exchanges had been stuck in the 3% range on a combined basis, but that figure approached 7% in just one month.

Coinone's gains are also clear in daily figures: its share climbed to 7.14% on September 6th and rose further to 8.94% on the 8th.