South Korea's Crypto Exchanges List 39 Coins Trading Below 1 Won

South Korea's four major cryptocurrency exchanges have listed 39 coins that trade below 1 won, or approximately $0.0007 per unit, according to industry data. This phenomenon is not unique to these exchanges, as Bithumb and Coinone each had 26 such coins, while Upbit and DigitalX had 8.

Experts warn that investors should evaluate coins based on market capitalization, trading volume, and liquidity rather than per-unit price. They caution that low-priced coins without sufficient liquidity can lead to significant losses.

The reasons for the decline of these coins vary. Some have maintained low unit prices since inception, while others have collapsed into fractional-coin territory after sharp post-listing declines.

One coin listed on Coinone in November last year surged to 143.3 won (approximately $0.11) on its debut day but has since declined steadily, trading below 1 won since July this year. The token is currently designated as a trading-caution asset, recording 40% daily swings despite trading volume of barely 30,000 won (approximately $22).

Bitcoin held above $84,000 (approximately 110 million won), supported by inflows into U.S. spot Bitcoin ETFs totaling approximately $2.7 billion this month.