Deposits at South Korean crypto exchanges drop 27% amid Bitcoin slump

Investor deposits at South Korea's five major cryptocurrency exchanges fell by 26.8% last year amid a sluggish market led by Bitcoin, the Maeil Business Newspaper reported. Citing electronic disclosures from South Korea's Financial Supervisory Service, the report noted that customer deposits at Upbit, Bithumb, Coinone, Korbit, and Gopax totaled 8.151 trillion won at the end of last year, down from 11.1285 trillion won at the end of 2024.