South Korea Crypto Exchanges Fall Below 10 Trillion Won in Weekly Trading

South Korea's top five won-market cryptocurrency exchanges recorded weekly trading volume below 10 trillion won for the first time in approximately 2 years and 9 months. Trading volume from July 3 2pm to July 10 2pm totaled approximately 9.9676 trillion won, representing a 25.75% decline from the previous week's 13.4 trillion won. The five-week consecutive decline resulted in a 43% monthly drop from early June's 17.7 trillion won, according to analysis by Digital Asset of Upbit, Bithumb, Coinone, Korbit, and Gopax.

Trading Volume Decline Accelerates Through Five-Week Period

The exchanges' weekly trading volumes showed consistent contraction over five consecutive weeks. From June 5-12, volume stood at 17.7 trillion won, followed by 15.4 trillion won for June 12-19, 14.6 trillion won for June 19-26, and 13.4 trillion won for June 26-July 3. The latest week's drop to 9.9676 trillion won marked the steepest single-week decline in the period at 25.75%.

The last time weekly trading volume fell below 10 trillion won occurred from September 22 2pm to September 29 2pm in 2023, when it reached 9.6 trillion won.

Market Share Shifts Among Top Five Exchanges

Upbit maintained first position with 63.02% market share but declined 3.95 percentage points from the previous week. Bithumb's share increased 2.38 percentage points to 29.51%, while Coinone rose 1.46 percentage points to 6.66%. Korbit recorded 0.78% and Gopax 0.03%.

No ranking changes occurred among the exchanges despite the market share fluctuations.

FAQ

What was the weekly trading volume for South Korea's top crypto exchanges from July 3-10?

The combined weekly trading volume for South Korea's top five won-market cryptocurrency exchanges from July 3 2pm to July 10 2pm was approximately 9.9676 trillion won, marking a 25.75% decrease from the previous week's 13.4 trillion won.

When did South Korean crypto exchange trading volume last fall below 10 trillion won?

Weekly trading volume for the top five exchanges last fell below 10 trillion won from September 22 2pm to September 29 2pm in 2023, when it reached 9.6 trillion won, approximately 2 years and 9 months before the current period.

How did market share change among South Korea's top cryptocurrency exchanges?

Upbit's market share decreased 3.95 percentage points to 63.02%, while Bithumb increased 2.38 percentage points to 29.51% and Coinone rose 1.46 percentage points to 6.66%, with no changes in overall rankings.