South Korea crypto trading volume drops 20% in one week

Cryptocurrency trading volume across South Korea’s five major exchanges fell by 19.56% during the week ending October 2. The combined trading volume for Upbit, Bithumb, Coinone, Digital X, and Gopax totaled approximately 20.5 trillion won ($15.1 billion), a decrease of roughly 5 trillion won from the previous week.

Despite the overall decline, market shares shifted slightly among the platforms. Upbit maintained its position as the largest exchange with a 64.04% market share, though this was a 3.3 percentage point drop from the prior week. Bithumb saw its share rise to 26.66%, while Coinone increased its share to 6.58%.

Specific altcoins have seen significant activity on these platforms. Dolphin (POD) recorded approximately $95.4 million in volume on Upbit, while Worldcoin (WLD) reached a combined volume of roughly $79.7 million across Upbit and Bithumb. Other high-volume assets include The Sandbox (SAND), Axie Infinity (AXS), and XRP.