South Korea's top 5 crypto exchanges' weekly trading volume reaches 8.06 trillion KRW, the lowest since May 2023.

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South Korea’s weekly market report shows that the top five crypto exchanges recorded a trading volume of 8.06 trillion KRW for the week of July 9–16, the lowest since May 2023. Weekly trading volume has continued to decline, falling from 17.7 trillion KRW in early June. Upbit led with a 63.57% market share, followed by Bithumb at 29.18%, Coinone at 6.41%, Korbit at 0.76%, and Gopax at 0.07%.

Huo Xing Finance reports, according to South Korean media Digital Asset, the total trading volume of South Korea’s five major digital asset exchanges from 2:00 PM on July 9 to 2:00 PM on July 16 fell to approximately KRW 8.06 trillion, marking a further decline from the previous week and reaching the lowest level in 3 years and 2 months. Data shows that the weekly trading volume of South Korea’s five major exchanges has been declining for several consecutive weeks, dropping from KRW 17.7 trillion during June 5–12 to KRW 15.4 trillion, KRW 14.6 trillion, KRW 13.4 trillion, KRW 9.97 trillion, and most recently to KRW 8.06 trillion—the lowest since the KRW 8.44 trillion recorded from May 11 to 18, 2023. In terms of market share, rankings remained unchanged: Upbit continued to lead with 63.57%, though down 0.63 percentage points from the previous week; Bithumb rose to 29.18%, Coinone increased to 6.41%, while Korbit and Gopax held shares of 0.76% and 0.07%, respectively.

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