Exchanges· ★★★· bearish·

South Korean exchanges lose 35% of won deposits in H1 2026

  • —Won deposits fell 35% (KRW 2.9tn); market cap dropped 33% (KRW 28.3tn)
  • —Operating income collapsed 78% year-on-year to KRW 81.6bn
  • —Combined market value of the 26 exchanges stood at KRW 58.9tn (~$42bn) at end-June
  • —Estimated cumulative outflows from Korean exchanges since 2021: KRW 700tn (~$530bn)
Why it matters: Shrinking deposits and revenue at Korean exchanges pressure the local market and raise the odds the 2027 crypto tax is delayed again.
Source: DiarioBitcoin
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