South Korea leads global cryptocurrency trading volume
Since early 2024, South Korea has accounted for approximately 30% of the global cryptocurrency trading volume, with 85% of trades involving altcoins rather than Bitcoin or Ethereum.
In comparison, the entire Japanese crypto market, operating with the yen, generates only $2–3 billion per month in trading volume, whereas South Korea averages around $26 billion per week.
These figures highlight the high level of activity and interest in altcoins among Korean traders, distinguishing the region from more traditional markets focused mainly on Bitcoin and Ethereum.
South Korea has traditionally held a prominent position in the global crypto industry, supported by well-developed infrastructure and a large number of market participants.
Overall, these trends emphasize South Korea’s significance in the worldwide cryptocurrency ecosystem and indicate potential growth in trading volumes in the near future.
