NewsSignals AI analysis·Via WU_BLOCKCHAIN·Nov 3, 2026

South Korea mulls raising cold wallet requirement to 99% after Binance hack

Grade Abullish AI signal$BTC

South Korea is considering raising its minimum cold wallet storage requirement for crypto exchanges from 80% to approximately 99% following the recent Binance hack. Upbit reportedly already stores over 99% of customer assets in cold wallets, compared with 94% at Bithumb and 85% at Coinone, while industry participants warn of potential withdrawal delays and higher operating costs. If adopted, the proposal could strengthen crypto custody security but increase operational pressure on smaller exchanges.

Bullish strength: 60/100

A potential increase in cold wallet requirements could strengthen customer asset protection.
Stricter custody standards could improve confidence in South Korea's crypto exchange sector.

Bearish strength: 40/100

Higher cold wallet requirements could delay customer withdrawals.
Smaller exchanges could face increased operational burdens and costs.
The proposal follows a recent Binance hack, highlighting security concerns.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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