Coinone’s net loss exceeded $4.87 million last year, and the resignation rate was close to 30%

Coinone, the third largest exchange in South Korea, has performed poorly and has suffered losses for two consecutive years. Coinone recorded a net loss of 6.7 billion won (about 4.875 million U.S. dollars) last year. The gap between Coinone and the top two local exchanges, Upbit and Bithumb, is getting bigger and bigger. Coinone's resignation rate in the past year was close to 30%. The number of bitcoins deposited by users last year was 8,074, which was more than 200 less than the previous year (8,277). (Decenter)