Coinone is a South Korean cryptocurrency exchange, and was established in 2014 by founder and current CEO Myunghun Cha. The site was officially launched in 2015, and while it was once one of the top 10 global exchanges, it is currently ranked #41 in trading volume. While crpytocurrencies continue to increase in visibility and popularity, especially in South Korea, the rise of so many new and innovative exchanges has cut into the Coinone trading volume.
Previously Coinone was also the second largest South Korean exchange, with only Bithumb topping it, but the new Upbit exchange also has more trading volume now, putting Coinone solidly into the third position among South Korean exchanges. As of May 2018 Coinone has roughly $50 million in daily trading volume, but Upbit sees over $500 million exchanged daily, while Bithumb is nearly $750 million in daily trade volume.
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