The total weekly trading volume across South Korea’s top five fiat-to-crypto exchanges dropped below KRW 10 trillion for the first time in nearly three years, marking the fifth consecutive week of declining activity. According to data from Digital Asset, the combined volume for Upbit, Bithumb, Coinone, Korbit, and Gopax stood at approximately KRW 9.9676 trillion for the week of July 3–10, 2026.
The figure represents a 25.75% drop from the previous week’s KRW 13.4 trillion and a cumulative decline of about 43.5% since early June, when the weekly total was around KRW 17.7 trillion. The last time volumes fell below the KRW 10 trillion mark was in late September 2023.
Market share shifted slightly among the exchanges. Upbit remained the leader with a 63.02% share but lost 3.95 percentage points week-on-week. Bithumb gained 2.38 points to reach 29.51%, while Coinone increased 1.46 points to 6.66%. Korbit and Gopax held marginal shares of 0.78% and 0.03%, respectively.
The consistent decline in trading volume suggests overall market caution, with fewer traders actively participating. While prices were not directly affected by this metric alone, the trend raises questions about liquidity and investor sentiment in one of the world’s most active crypto markets.
