Weekly volume on South Korea's top 5 exchanges falls below 10 trillion won for first time in 33 months

Weekly trading volume on South Korea's five major won-denominated cryptocurrency exchanges has dropped below 10 trillion won following five consecutive weeks of decline. According to an analysis by Digital Asset, the total trading volume from 2:00 p.m. on July 3 to 2:00 p.m. on July 10 was approximately 9.97 trillion won. This represents a 25.75% decrease from the previous week's volume of about 13.4 trillion won. Over the past month, total trading volume has fallen by approximately 43%. This marks the first time the weekly volume has dipped below the 10 trillion won mark in about two years and nine months, since recording 9.6 trillion won for the week of Sept. 22 to Sept. 29, 2023.