Upbit, Bithumb see trading volume fall 60% in December

Trading volume on South Korea's leading cryptocurrency exchanges is on track to hit a yearly low amid a sluggish market, Bizwatch reported. From Dec. 1 to 22, total trading volume on Upbit and Bithumb fell by approximately 60% compared to the previous month. Upbit's volume for the period totaled $25.91 billion, a 60.6% decrease from $65.86 billion in November. Bithumb's volume dropped 60.4% to $12.45 billion from $31.49 billion over the same period.