Dormant assets fell 34% to $201M year-over-year as Bithumb launches its third dormant asset campaign targeting 2.57 million inactive accounts. The initiative targets accounts that have shown no login or trading activity for at least one year.
The largest single dormant holding stands at 4.1 billion won ($2.8 million), while the highest Bitcoin return rate recorded reaches an eye-popping 61,106%. Bithumb holds firm as Korea’s second-largest exchange with 2.42 million monthly users, trailing only Upbit.
Upbit’s 5.48 million users in their 20s and 30s represent 44% of Korea’s entire young adult population. The decline follows a previous year’s campaign in which approximately 36,000 customers reclaimed a combined 70.6 billion won ($49 million) in forgotten assets. Bithumb first launched its dormant asset initiative in 2023, when unclaimed holdings totaled 267.3 billion won ($184 million). The figure surged in 2024 amid the crypto market rally, only to decline this year.
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