South Korea's five largest won-market exchanges cut balance reconciliation cycle to under 5 minutes
- —Upbit, Bithumb, Coinone, DigitalX and Gopax now reconcile balances every 5 minutes or faster
- —Bithumb adopted 2-minute reconciliation in May after a February BTC payout error
- —In April the regulator found three exchanges reconciling only once a day
- —The financial watchdog mandated continuous reconciliation with a cycle of no more than 5 minutes
Why it matters: Tighter oversight reduces the risk of repeat payout errors and strengthens trust in Korean exchanges.
Source: Bloomingbit