Combined turnover at the country’s five largest won-denominated platforms fell to about 412.7 billion won as the global crypto market capitalization shrank 41% to $2.322 trillion.
Daily trading volume across South Korea’s five largest won-denominated cryptocurrency exchanges has fallen about 88% from a year earlier to a combined 412.7 billion won, a slump industry participants described as a “second crypto winter.” The decline came alongside a broader market contraction, with total global cryptocurrency market capitalization down 41% to $2.322 trillion, according to JoongAng Ilbo. The figures point to weaker retail participation and softer risk appetite, underscoring how lower asset prices and thinner liquidity can reinforce each other during market downturns.