South Korea crypto trading volume falls 88% year over year, pressuring exchange earnings
first published 2026-07-21T11:54:43Z
Daily trading volume across South Korea’s five largest won-based crypto exchanges dropped 88% year over year to about KRW 412.7 billion ($280 million) by July 20. The slump has hit exchange finances, with Dunamu, Upbit’s operator, reporting first-quarter revenue down 55% and operating profit down 78%. Korbit also sold 15 BTC and 60 ETH in early July to help cover operating expenses.
AI Analysis
The summary reports a steep drop in trading volume and weaker exchange revenue and operating profit, which is negative for crypto market activity and exchange-linked sentiment. It also notes forced asset sales for operating expenses, adding to the bearish tone.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
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