Trading volume across South Korea’s five major won-based crypto exchanges fell 54.6% year over year in the first half of 2026 as liquidity became increasingly concentrated on market leader Upbit.
Summary
- Five major exchanges recorded $366.58 billion in first-half trading volume.
- Combined volume fell 54.6% year over year, according to NexBlock.
- Upbit expanded its July market share to 67.4% despite lower trading activity.
- South Korea will introduce a 22% crypto gains tax on Jan. 1, 2027.
South Korea crypto volume drops below $367B
Upbit, Bithumb, Coinone, Korbit and Gopax generated about $366.58 billion in combined trading volume during the first six months of…
