South Korea's Crypto Trading Volume: 9% of Global Market Share

02 April, 2025, 06:30 AM

## South Korea Dominates Global Crypto Trading South Korea has emerged as a significant player in the global cryptocurrency market. According to a recent report, the nation's coin trading volume accounted for a remarkable 9% of the total global spot trading volume in the first quarter of this year. This demonstrates the growing interest and adoption of cryptocurrencies within the country. ## Upbit Leads Korean Exchanges in Trading Volume While global giants like Binance (nearly 50% of global spot trading volume), Crypto.com, and Bybit dominate the overall market, South Korean exchanges are making their mark. Upbit leads the pack among Korean Won exchanges, capturing a substantial 5.88% of the global trading volume. Bithumb follows with 2.7%, while Coinone, Korbit, and Gopax contribute 0.17%, 0.05%, and 0.02% respectively. Collectively, the top 5 Korean Won exchanges account for 8.82% of the global trading volume, solidifying South Korea's position as a key hub for cryptocurrency trading. This underscores the importance of the South Korean market in the global crypto landscape. ```