Worldcoin Controversy ‘Benefiting’ South Korea’s Bithumb Exchange

Controversy surrounding Worldcoin in South Korea has had a positive impact on Bithumb, the country’s crypto exchange. In the midst of an investigation by the Personal Information Protection Commission, trading of the Worldcoin (WLD) token has surged on the platform. On March 4, 24-hour Worldcoin trading surpassed Bitcoin transaction volumes by over $1.5 million. The popularity of the coin has grown significantly among crypto investors, with 24-hour WLD trading volumes on Bithumb reaching $107.3 million. This has benefited Bithumb, unlike its rival Upbit. The recent order by Spanish regulators to halt Worldcoin operations in the nation has likely fueled more trading activity on Bithumb. Despite the controversy, WLD holders remain confident in the safety of their investments. The industry consensus is that delisting is still unlikely in the near future. Bithumb is closely monitoring the deliberations of the Personal Information Protection Committee and it is too early to discuss delisting-related matters. If the committee rules against the project, the self-regulating body DAXA would make delisting decisions. Spanning Spain, Hong Kong, and South Korea, concerns have been raised about Worldcoin’s collection of personal information and data.