Finance

Well, slap my wallet and call me a hodler! South Korea’s crypto market went from “meh” to “holy guacamole” in 2025, with retail investors throwing money at XRP, Dogecoin, and every memecoin under the sun like it was confetti at a clown convention. 🎉
This feature is part of CoinDesk’s Most Influential 2025 list. (Yes, we’re still influential, despite our questionable fashion choices.)
At the heart of this madness stood Upbit, the exchange that hoovered up more than 80% of the country’s trading volume. It was like the popular kid at a school dance, while everyone else was left sipping punch in the corner. And the mastermind behind this? None other than Sirgoo Lee, the man who made crypto markets dance to his tune. 🎶
When Lee announced he was stepping down as CEO in 2025, the crypto world gasped louder than a tourist seeing the price of a London coffee. Could South Korea’s hyperactive retail market survive without its crypto Yoda? Or would his exit send liquidity into a tailspin, like a meme stock after a Reddit outage? 🤔
Lee’s secret sauce? A management style that was as refreshing as a cold beer on a hot day. In the rigid, hierarchical world of Korean corporates, he was the rebel who encouraged open communication and pushed responsibility downward. It was like bringing a California startup vibe to a Seoul boardroom. 🌴
Under his watch, Upbit became the crypto equivalent of a safety blanket. They recovered 94% of misdirected deposits (because who hasn’t accidentally sent Bitcoin to their grandma?), set up an Investor Protection Center (because crypto education is as rare as a polite internet comment), and beefed up security like a fortress. In a market where “degenerate trading” is a badge of honor, Upbit became the safe haven for South Korean investors. 🛡️
Even as Lee prepared to exit, Upbit’s dominance didn’t waver. Its listings still sent memecoins soaring like a rocket fueled by FOMO, and traffic kept growing like a teenager’s appetite. Korea’s retail traders may be wild, but thanks to Lee, Upbit remains the megaphone for their crypto instincts. 🎤
So, here’s to Sirgoo Lee: the man who made South Korea’s crypto market go from zero to hero. Let’s just hope his successor doesn’t accidentally list a coin called “SirgooCoin” and break the internet. 🚀
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2025-12-11 18:27