South Korea says API crypto trading now makes up 30% of market: Report

South Korea’s Financial Supervisory Service (FSS) has reported that automated API-based trading now accounts for approximately 30% of the nation's cryptocurrency transaction volume. The regulator warned that bad actors are exploiting these tools to manipulate prices through tactics like spoofing, wash trading, and placing coordinated, rapid small-scale orders. In response, the FSS plans to launch targeted investigations into abnormal trading patterns. This move is part of a broader regulatory effort to increase oversight of the South Korean crypto market, despite ongoing challenges with legal frameworks and operational enforcement.

(Source：Cointelegraph)