According to NexBlock, the five major South Korean exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—recorded a combined trading volume of approximately $366.58 billion in the first half of this year, a 54.6% year-over-year decline. From July 1 to 27, the total trading volume of these five exchanges amounted to approximately KRW 17.34 trillion, a 16.9% decrease compared to the same period last month. Upbit accounted for KRW 11.69 trillion in trading volume, with its market share rising from 62.3% to 67.4%, while Bithumb’s trading volume dropped to KRW 4.71 trillion, with its market share falling from 30.7% to 27.1%.
South Korea's Top 5 Exchanges See a 54.6% Drop in H1 Trading Volume
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Summary
South Korea’s top five exchanges saw a 54.6% decline in trading volume in H1 2026, with combined transaction volume reaching $366.58 billion. From July 1 to 27, total transaction volume fell 16.9% month-over-month to 17.34 trillion KRW. Upbit’s trading volume increased to 11.69 trillion KRW, raising its market share to 67.4%. Bithumb’s trading volume declined to 4.71 trillion KRW, with its market share dropping to 27.1%.
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