South Korea crypto trading drops 20% in a week

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4 hours ago

South Korea’s five major crypto exchanges have recorded approximately 20.5 trillion won, or $15.1 billion, in trading volume from Sept. 25 to Oct. 2, down 19.56% from the previous week. Summary ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korea crypto trading drops 20% in a week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-04 16:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/south-korea-crypto-trading-drops-20-in-a-week/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>South Korea’s five major crypto exchanges have recorded approximately 20.5 trillion won, or $15.1 billion, in trading volume from Sept. 25 to Oct. 2, down 19.56% from the previous week.\n\n\nSummary\n\n\n\n...</p>\n\n<a href=\"https://crypto.news/south-korea-crypto-trading-drops-20-in-a-week/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LFGY","symbol_name":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","start_time":0,"source_url":"https://crypto.news/south-korea-crypto-trading-drops-20-in-a-week/","article_id":"2672727295","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/south-korea-crypto-trading-drops-20-in-a-week/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672727295","pubTimestamp":1791102873,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"South Korea’s five major crypto exchanges have recorded approximately 20.5 trillion won, or $15.1 billion, in trading volume from Sept. 25 to Oct. 2, down 19.56% from the previous week.South Korea’s five major crypto exchanges recorded 20.5 trillion won in weekly trading volume combined.Trading volume fell 19.56% from the previous week, cutting roughly five trillion won in activity.Upbit kept first place with 64.04% share, down 3.3 percentage points from the prior week.Bithumb’s share rose to 26.66%, while Coinone increased its share to 6.58% during the week.South Korea crypto trading fell nearly 20% in one week. South Korean financial regulators released their own figures days before the latest weekly report. The Korea Financial Intelligence Unit and Financial Supervisory Service reported on Oct. 1 that average daily trading volume at domestic virtual asset exchanges fell by 2.3 trillion won, or 44%, during the first half of 2026 compared with the previous six months.Coinone held thir","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","DIME":"CoinShares Altcoins ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","DAPP":"VanEck Digital Transformation ETF","BKCH":"AdvisorShares Sabretooth ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","BITW":"Bitwise 10 Crypto Index ETF","STCE":"Schwab Crypto Thematic ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","SOCL":"社交媒体ETF-Global X","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF"},"translate_title":"韩国加密货币交易一周内下降 20%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NCIQ":1.5,"LFGY":1.5,"CRPT":1.5,"TEKX":1.5,"BITQ":1.5,"DAPP":1.5,"BKCH":1.5,"STCE":1.5,"DIME":1.5,"GDLC":1.5,"SOCL":0.76,"BITW":1.5},"content_text":"South Korea’s five major crypto exchanges have recorded approximately 20.5 trillion won, or $15.1 billion, in trading volume from Sept. 25 to Oct. 2, down 19.56% from the previous week.\n\n\nSummary\n\n\n\nSouth Korea’s five major crypto exchanges recorded 20.5 trillion won in weekly trading volume combined.\nTrading volume fell 19.56% from the previous week, cutting roughly five trillion won in activity.\nUpbit kept first place with 64.04% share, down 3.3 percentage points from the prior week.\nBithumb’s share rose to 26.66%, while Coinone increased its share to 6.58% during the week.\nOfficial data show crypto exchange daily volume fell 44% during the first half of 2026.\n\n\n\nDigital Asset reported that the total fell by roughly 5 trillion won, or about $3.7 billion, during the seven-day period ending at 2 p.m. Korea Standard Time on Oct. 2. The outlet calculated the figures across Upbit, Bithumb, Coinone, Digital X and Gopax.\nThe rankings did not change during the week. Upbit remained the largest platform by trading share, though Bithumb, Coinone and Digital X each gained ground as Upbit’s portion of the five-exchange market declined.\nSouth Korea crypto trading fell nearly 20% in one week\nCombined trading volume across the five exchanges dropped 19.56% week over week to 20.5 trillion won. The source did not attribute the fall to a single cryptocurrency, exchange event or regulatory action, so the weekly figures alone do not establish what caused traders to reduce activity.\nThe decline follows an uneven year for South Korean crypto trading. During periods of stronger market activity, volumes have climbed sharply. Upbit’s 24-hour trading volume jumped 273% to roughly $1.84 billion during a Bitcoin rally, while Bithumb’s daily volume rose 132.9% to approximately $934.9 million.\nActivity had been much weaker earlier in 2026. An analysis covering the first six months found that the five main won-based exchanges generated approximately $366.58 billion in combined trading volume, down 54.6% from the same period a year earlier.\nSouth Korean financial regulators released their own figures days before the latest weekly report. The Korea Financial Intelligence Unit and Financial Supervisory Service reported on Oct. 1 that average daily trading volume at domestic virtual asset exchanges fell by 2.3 trillion won, or 44%, during the first half of 2026 compared with the previous six months.\nUpbit remains No. 1 despite losing market share\nUpbit controlled 64.04% of trading among the five exchanges during the latest weekly period. Its share fell by 3.3 percentage points from the previous week, according to Digital Asset’s calculation.\nBithumb remained second but raised its share by 1.893 percentage points to 26.66%. The figures left Upbit and Bithumb controlling more than 90% of total trading across the five platforms during the period.\nCoinone held third place with 6.58%, an increase of 1.12 percentage points. Digital X accounted for 2.71% after gaining 0.316 percentage points, while Gopax remained fifth with 0.02%, up 0.002 percentage points.\nDigital X is the new name for Korbit, which appeared in earlier five-exchange market comparisons. The exchange announced that the Korbit service would become Digital X from Sept. 16 following its move under Mirae Asset. Customer assets, trading history and account information carried over without changes.\nThe operating company had changed its corporate name from Korbit Inc. to Digital X Inc. on Aug. 11. Its official company page states that it became part of Mirae Asset Group in July.\nMirae Asset acquired a controlling interest in Korbit before the rebranding, with the company planning to expand its digital asset services under the Digital X name.\nOfficial data confirm weaker Korean crypto activity in 2026\nThe latest weekly fall comes days after KoFIU released its first-half review of South Korea’s virtual asset market. The regulator surveyed 26 registered virtual asset service providers, including 17 exchange businesses and nine custody or wallet providers.\nDuring the first six months of 2026, domestic crypto market capitalization fell by 28.3 trillion won, or 33%, compared with the preceding six months. Korean-won deposits on exchanges declined by 2.9 trillion won, or 35%, while average daily exchange volume fell 44%.\nTrading accounts eligible to transact still increased 0.4%, according to the regulator. Lower trading activity was accompanied by a 41% fall in exchange revenue and a 78% decline in operating profit during the six-month period.\nThe number of distinct virtual assets circulating on Korean platforms fell 5% to 673. Among them, 234 were listed exclusively on individual exchanges and carried a combined market capitalization of 600 billion won, equal to roughly 1% of the domestic market’s total capitalization.\nLiquidity was particularly thin among some exchange-exclusive assets. KoFIU found that 93 of the 234 assets, or 40%, each had market capitalization of 100 million won or less. The regulator warned users about liquidity and sharp price movements in those tokens.\nCrypto.news reported that the official survey placed monthly turnover at between 100% and 201% for won-based exchanges, compared with only 2% to 9% for coin-only platforms.\nKorean exchanges face tighter rules as trading slows\nRegulatory requirements for South Korean exchanges have continued to expand during 2026. The Financial Services Commission approved tougher VASP registration and anti-money laundering rules in August, including new financial soundness, cybersecurity and internal-control requirements.\nThe revised framework expands Korea’s travel rule to transfers of all sizes between registered VASPs. Transfers worth at least 10 million won to overseas virtual asset providers or digital wallet operators must be reported to KoFIU once the relevant provisions take effect.\nExchange controls were tightened earlier in the year following Bithumb’s erroneous payout incident. The FSC said in April that South Korea’s five major exchanges would introduce real-time reconciliation between internal ledgers and wallets, with outside accounting checks increasing from quarterly to monthly.\nThe five platforms agreed to strengthen checks for high-risk transactions, require separate management of certain accounts and introduce automated systems capable of blocking transfers where quantities or units do not match planned payments.\nTrading activity has continued despite the tighter controls. Upbit and Bithumb opened new markets as recently as Oct. 2, when Bithumb listed Talus against the Korean won and Upbit added Dolphin across KRW, BTC and USDT pairs, as crypto.news reported.\nDigital Asset’s latest weekly figures show that the order of South Korea’s five main exchanges remained unchanged through Oct. 2, with Upbit first at 64.04%, Bithumb at 26.66%, Coinone at 6.58%, Digital X at 2.71% and Gopax at 0.02%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}