South Korea Crypto Trading Volume Falls Over 50% as Top 10% of Users Drive 96% of Activity
- —South Korea's crypto trading volume fell more than 50% year over year
- —Top 10% of users generate over 96% of total turnover
- —Upbit concentration rose from 89.36% to 95.6%
- —Coinone at 99.2%, Digital X at 99.43%, Gopax at 97.61%
Why it matters: Rising concentration amid shrinking volumes signals retail traders are leaving and Korean exchanges increasingly depend on a narrow group of large players.
Source: PANews