The company said it's an old entity that isn't in use anymore.
"It's time, we think, to move on from it," CEO Sam Bankman-Fried said in a tweet.
The Korea Financial Intelligence Unit is pushing for exchanges to register in line with new anti-money laundering laws.
Despite the downturn, exchanges say they are looking to build up their infrastructure for when the next big boom in crypto rolls around.
The company will open offices in Australia and Hong Kong.
Most Indian exchanges pay the goods and services tax on their profits and commissions in the absence of clarity from the country's tax authority.
It may be difficult for the government to impose the levy in the absence of a regulatory framework for the treatment of crypto assets.
Upbit, Huobi and Coinbit are among the cryptocurrency exchanges outlined in the report that have halted trading on certain coins.
Banks will have to deny services to clients that do not comply with ID verification requirements or fail to report suspicious activity to the FSC's anti-money laundering unit.
There is a bill pending in parliament, which seeks to ban private cryptocurrencies.
Bitfinex plans to enter the DeFi market via Hodl Hodl and will add fresh liquidity to the Hodl Hodl lending pool.
DeFi traders using OpenOcean can now make swaps on Solana-based exchanges.
LMAX Digital says many institutional clients saw last week's crypto crash as "an opportunity to buy."
The global derivatives giant improves from fifth place earlier this week. Binance ranks first.