South Korea's Crypto Exchanges List 39 Coins Trading Below 1 Won—"Look at Market Cap and Volume, Not Unit Price"

South Korea's major cryptocurrency exchanges have 39 coins trading below 1 won per unit, a level that would trigger delisting review in the stock market. However, industry observers note that in the digital asset market, per-unit price does not reflect an asset's true economic value, requiring a different framework for investment decisions.

According to virtual asset industry data on the 28th, among coins listed on South Korea's four largest exchanges—Upbit, Bithumb, Coinone, and DigitalX—39 coins were trading below 1 won as of 4:10 p.m. on the 24th, excluding duplicates.

By exchange, Bithumb and Coinone each had 26 such coins, while Upbit and DigitalX each supported trading in 8.

The reasons for falling below 1 won vary. Some coins 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).