South Korean Crypto Trading Volume Drops Over 50% as Market Concentration Intensifies

Data from the Financial Supervisory Service (FSS) reveals that South Korea's virtual asset trading volume has declined by more than 50% over the past year. Despite the overall drop, trading activity has become highly concentrated, with the top 10% of users accounting for over 96% of total trading volume. As of the first half of 2026, the concentration ratios for major exchanges were reported as follows: Upbit (95.6%), Bithumb (97.41%), Coinone (99.2%), Digital X (99.43%), and Gopax (97.61%).