Upbit, Bithumb trading volumes drop over 40% from H2 2025

Declining trading volume is threatening the profitability of South Korea's major cryptocurrency exchanges, Electronic Times Internet reported. According to data from CoinMarketCap on May 20, Upbit's daily average trading volume in the first quarter of this year was approximately $1.55 billion, a 38.8% decrease from its daily average of $2.53 billion in the second half of last year. During the same period, Bithumb's daily average trading volume fell by 44% to about $647.31 million. When the period is extended from Jan. 1 to May 20, Upbit's daily average trading volume shows a 45.5% drop compared to the second half of 2025. Bithumb's decline was even steeper, with its daily average volume of approximately $599.77 million representing a 48.5% decrease over the same period.