Summary
- Upbit said it is conducting a digital asset gift event giving a total of 400 million won in Bitcoin for Chuseok.
- Coinone also announced a Chuseok festival with prizes totaling 100 million won and said it will offer fee waivers and virtual asset bonuses for new sign-ups.
- Both exchanges said they are conducting large-scale giveaways and reward events to attract new members and activate existing customers.

Major domestic virtual asset (cryptocurrency) exchanges are holding Chuseok events to attract customers.
On the 4th, the industry said Dunamu, the operator of Upbit, is conducting a 'Chuseok Digital Asset Gift Event' from the 1st to the 12th that gives a total of 400 million won in Bitcoin. It is a first-come, first-served method that grants Bitcoin worth 10,000 won to 10,000 Upbit users who transferred virtual assets using the 'Mobile phone number withdrawal' feature.
The 'Mobile phone number withdrawal' was added last September. Upbit users can send virtual assets easily by entering the recipient's real name and mobile phone number without having to enter a wallet address. There is no separate fee. The recipient can check the deposit via KakaoTalk AlimTalk or a text message and complete 'Receive deposit' within 72 hours. Even those who are not existing Upbit users can be recipients of virtual assets, but to actually receive the virtual assets they must sign up for Upbit and complete customer verification.
They are also running a new user invitation event. If existing or new users invite new sign-ups using the Mobile phone number withdrawal feature, 1 Bitcoin will be given by lottery.
Coinone is also holding a 'Chuseok Grand Festival' event with prizes totaling 100 million won. For new sign-ups, the 'Welcome Lucky Bag' event provides a fee-waiver coupon exempting fees for up to 100 million won in trading volume for up to two months immediately upon signing up. It additionally gives a benefit worth 20,000 won on the first trade. If you answer a simple OX quiz correctly, a virtual asset bonus worth 40,000 won is also provided.
Until the 9th, they are holding the 'Sangcharim Challenge' with prizes totaling 100 million won. It is an event that allocates a total of 100 million won in benefits, distributed according to rankings of daily trading volume by asset and total accumulated trading volume.
They have also prepared the 'Gather! Songpyeon Challenge'. Customers who sign up three or more people using a friend invitation code during the event period receive 100% benefits. A reward worth 4,000 won is given per invited person. Additionally, virtual assets worth 2 million won are distributed equally. The five customers who invited the most friends receive a total of 3 million won in benefits, distributed differentially.
Reporter Tae-rim Kim tae@hankyung.com

Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.

![Did it crash because of Trump?…The 'real reason' Bitcoin collapsed [Hankyung Koala]](https://media.bloomingbit.io/PROD/news/d8b4373a-6d9d-4fb9-8249-c3c80bbf2388.webp?w=250)

