South Korean Charities Push for Simplified Crypto Donation Systems
Charities in South Korea are advocating for streamlined crypto donation features within exchange apps, citing the current six-step manual process as a significant barrier. The existing method requires donors to pre-commit fixed coin amounts—regardless of market fluctuations—and restricts contributions to cryptocurrencies listed on at least three major domestic exchanges.
Upbit, Bithumb, Korbit, Coinone, and Gopax dominate the approved exchange list, creating friction for the country's 10 million crypto users. Most charities liquidate donations within 48 hours to mitigate volatility risks, underscoring the need for institutional-grade tools in philanthropic crypto adoption.