Data: The weekly trading volume of the top 5 cryptocurrency exchanges in South Korea has fallen below 1 trillion won, reaching a new low since September 2023

According to Digital Asset, the weekly trading volume of the top 5 cryptocurrency exchanges in South Korea has declined for 5 consecutive weeks. From July 3 to 10, the total weekly trading volume of the 5 exchanges was approximately 9.9676 trillion won, a decrease of 25.75% from the previous week's approximately 13.4 trillion won, marking the first time in nearly 2 years and 9 months that it has fallen below 10 trillion won since recording about 9.6 trillion won in the last week of September 2023.

The report pointed out that the weekly trading volume of the top 5 exchanges has continued to weaken since June, with figures of 17.7 trillion won, 15.4 trillion won, 14.6 trillion won, and 13.4 trillion won respectively. Compared to the trading volume in the first week of June, the cumulative decline over the past month is approximately 43.5%.

In terms of market share among exchanges, Upbit continues to rank first with 63.02%, but this is a decrease of 3.95 percentage points from the previous week; Bithumb rose to 29.51%, an increase of 2.38 percentage points; Coinone rose to 6.66%, an increase of 1.46 percentage points; Korbit and Gopax are at 0.78% and 0.03%, respectively.