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South Korea’s top five crypto exchanges’ weekly trading volume falls to 80 trillion KRW for the first time in three years
PANews July 18 news. According to Digital Asset, the latest week’s trading volume across South Korea’s top five crypto trading platforms fell for the first time in three years to around 8.06 trillion KRW. Among them, Upbit’s market share was 63.57%, Bithumb’s was 29.18%, Coinone’s was 6.41%, while Korbit and GOPAX were 0.76% and 0.07%, respectively.
Earlier reports said that from July 3 to July 10, the total trading volume of South Korea’s top five crypto exchanges fell below 10 trillion KRW, to about 9.9676 trillion KRW. This marked the fifth consecutive week of decline and the lowest level since September 2023. It was down 25.75% from the previous week (about 13.4 trillion KRW). Compared with 17.7 trillion KRW at the beginning of June, trading volume over the past month had fallen by about 43.5%.