South Korean Crypto Exchanges See 24% Trading Volume Drop in One Month

South Korea's five major won-market cryptocurrency exchanges recorded 13.4 trillion won in weekly trading volume during the period from June 26 2pm to July 3 2pm, according to Digital Asset analysis published July 3. The figure represents a 7.77% decline from the previous week's 14.5 trillion won. The five exchanges analyzed include Upbit, Bithumb, Coinone, Korbit, and Gopax, which have experienced four consecutive weeks of declining trading volumes since early June.

Trading Volume Drops 24.3% Over One-Month Period

The weekly trading volume for South Korea's five major exchanges reached 17.7 trillion won during the June 5-12 period, then declined to 15.4 trillion won and 14.5 trillion won in subsequent weeks before falling to 13.4 trillion won in the most recent measurement period. The cumulative decline over one month reached 24.3%.

Upbit Market Share Rises to 66.96%

Upbit maintained its first-place position with a 66.96% market share, an increase of 2.465 percentage points from the previous week. This represents one of the highest levels recorded in recent measurement periods. Bithumb held second place with 27.13%, down 3.121 percentage points from the previous week. Coinone's market share rose 0.803 percentage points to 5.2%, while Korbit decreased 0.100 percentage points to 0.67% and Gopax fell 0.047 percentage points to 0.03%. No ranking changes occurred among the exchanges despite the market share fluctuations.

FAQ

What was the trading volume for South Korea's five major cryptocurrency exchanges during June 26 to July 3?

The five major won-market cryptocurrency exchanges in South Korea recorded 13.4 trillion won in trading volume during the period from June 26 2pm to July 3 2pm, representing a 7.77% decline from the previous week's 14.5 trillion won.

How much did Upbit's market share change in the most recent measurement period?

Upbit's market share increased 2.465 percentage points to reach 66.96%, maintaining its first-place position among South Korea's five major cryptocurrency exchanges. Bithumb's share declined 3.121 percentage points to 27.13%.