Daily trading volume across South Korea’s five largest cryptocurrency exchanges reached $3.27424 billion on Sept. 22, up 44.7% from $2.26230 billion on Sept. 1 and more than 17 times the year’s low of $189.37 million recorded on June 8. Upbit, Bithumb, Coinone, Korbit and Gopax reported combined trading volume of 65.8483 trillion won ($47.7 billion) last month, up 52.55% from July, while average daily volume rose to 2.1241 trillion won. Bitcoin gained 19.6% in August to 108.3 million won and reached 112.44 million won intraday on Aug. 28, helping draw investors and funds back into the market. Customer deposits reached 10.6561 trillion won at the end of last month, up 104.32% from January last year. Market participants identify the Digital Asset Basic Act under discussion in the National Assembly as a key variable for the domestic market’s direction.