South Korea's Top 5 Crypto Exchanges Hit 8.6 Trillion Won Weekly Volume

South Korea's top five cryptocurrency exchanges recorded 8.6 trillion won in weekly trading volume during the period from July 9 at 2 PM to July 16 at 2 PM. This marks the lowest weekly trading volume since the period of May 11 to May 18, 2023, when volume reached 8.4372 trillion won. The five exchanges analyzed are Upbit, Bithumb, Coinone, Korbit, and Gopax.

Trading Volume Shows Sequential Decline Across Six-Week Period

According to analysis by Digital Asset on July 17, the combined weekly trading volume across the five exchanges has declined consistently over recent weeks. The sequential breakdown shows: June 5-12 recorded 17.7 trillion won, June 12-19 reached 15.4 trillion won, June 19-26 totaled 14.6 trillion won, June 26-July 3 registered 13.4 trillion won, and July 3 at 2 PM to July 10 dropped to 9.9676 trillion won.

Upbit Maintains Lead While Bithumb and Coinone Gain Market Share

Market share distribution among the exchanges showed minor shifts during the latest period. Upbit retained its first-place position with 63.57% market share, though this represented a 0.63 percentage point decrease from the previous week. Bithumb's market share increased by 0.26 percentage points to 29.18%, while Coinone rose 0.3 percentage points to 6.41%. Korbit recorded 0.76% market share and Gopax held 0.07%. Despite these market share fluctuations, the ranking order among the five exchanges remained unchanged.

FAQ

What was the weekly trading volume at South Korea's top 5 crypto exchanges from July 9 to July 16? The combined weekly trading volume across Upbit, Bithumb, Coinone, Korbit, and Gopax reached 8.6 trillion won during the period from July 9 at 2 PM to July 16 at 2 PM.

When did South Korea's major crypto exchanges last record such low trading volume? The last time weekly trading volume fell to this level was during the period of May 11 to May 18, 2023, when it reached 8.4372 trillion won, making the current figure a 3-year 2-month low.

How did market share change among South Korea's top crypto exchanges? Upbit maintained its lead with 63.57% market share but declined 0.63 percentage points from the previous week. Bithumb increased to 29.18% (up 0.26pp) and Coinone rose to 6.41% (up 0.3pp), while Korbit held 0.76% and Gopax 0.07%.