Weekly trading volume on South Korea's top five crypto exchanges fell below 10 trillion won, hitting a new low since September 2023

According to DigitalAsset, weekly trading volume on South Korea's top five crypto exchanges has declined for five consecutive weeks. From July 3 to 10, the total weekly transaction volume of the five exchanges was approximately 9.9676 trillion won, a decrease of 25.75% from approximately 13.4 trillion won in the previous week, and it fell below 10 trillion won for the first time in nearly two years and nine months since it recorded approximately 9.6 trillion won in the last week of September 2023.<br /> The report pointed out that the weekly trading volume of South Korea's five major exchanges has continued to weaken since June, at 17.7 trillion won, 15.4 trillion won, 14.6 trillion won, and 13.4 trillion won respectively. Compared with the first week of June, the cumulative decline in trading volume over the past month was approximately 43.5%.<br /> In terms of exchange market share, Upbit continued to rank first with 63.02%, but dropped 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 were 0.78% and 0.03%, respectively.