Altcoins comprise 85% of crypto trades in South Korea

South Korea's cryptocurrency market accounts for approximately 30% of global trading volume, crypto data firm Kaiko reported on its official X account. Kaiko explained that the South Korean market is overwhelmingly dominated by altcoin trading, which constitutes 85% of its volume, while BTC and ETH make up only 9% and 6%, respectively. This indicates a strong tendency among South Korean investors to focus on high-volatility assets. The country's weekly trading volume reaches $26 billion. In contrast, while Japan's monthly trading volume is consistently between $20 billion and $30 billion, its BTC market liquidity is three to five times deeper than South Korea's.