South Korean crypto exchange volumes drop below 10T KRW
Five straight weeks of decline have erased nearly half of June's turnover on Upbit, Bithumb and peers, with the weekly KRW figure now at a multi-year low.
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Five straight weeks of decline have erased nearly half of June's turnover on Upbit, Bithumb and peers, with the weekly KRW figure now at a multi-year low.
Spot volume at $3T and futures at $15.7T mark the third straight quarter of decline, with new token listings also collapsing to a two-year low as the sector downturn deepens.
Binance alone accounts for nearly a third of the year's spot turnover, with the top five venues capturing roughly 55% of the market.