Weekly trading volume of South Korea’s five major crypto exchanges declines week-on-week 19.56%to 20500000000000 KRW
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AT A GLANCE
The weekly trading volume of South Korea’s five major crypto exchanges was 20500000000000 KRW, down from the previous 1 week by 19.56%。
Article
Weekly trading volume of South Korea’s five major crypto exchanges declines week-on-week 19.56%, falling to 20500000000000 KRW
PANews October 4 reported, citing Digital Asset, that the total weekly trading volume of South Korea’s five major crypto exchanges (September 25 to October 2) was 20500000000000 KRW, down from the previous 1 week by 19.56%. In terms of market share, Upbit remained firmly in first place with a 64.04%share, but this was down from the previous 1 week by 3.3 percentage points. By contrast, Bithumb’s market share rose by 1.893 percentage points to 26.66%. Coinone also retained third place, with its share rising by 1.12 percentage points to 6.58%. Digital X’s share rose by 0.316 percentage points to 2.71%；GOPAX’s share, meanwhile, rose by 0.002 percentage points to 0....
Key points
01
PANews, citing Digital Asset, reported that South Korea’s five major crypto exchanges September 25 to October 2 had total weekly trading volume of 20500000000000 KRW.
02
The total weekly trading volume was down from the previous 1 week by 19.56%。
03
Upbit’s market share was 64.04%, ranking first, down from the previous 1 week by 3.3 percentage points.
04
Bithumb’s market share rose to 26.66%, up from the previous 1 week by 1.893 percentage points.
05
Coinone retained third place, with its market share rising to 6.58%, up from the previous 1 week by 1.12 percentage points.
06
Digital X’s market share rose to 2.71%, up from the previous 1 week by 0.316 percentage points.
07
The original text states that the GOPAX market share rose from the previous 1 week by 0.002 percentage points, but its final market-share figure was truncated.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
These data indicate that during the statistical period, the combined trading volume of South Korea’s five crypto exchanges decreased from the previous 1 week. Upbit still held the largest share, but its share declined; the shares of Bithumb, Coinone, and Digital X all increased. Changes in market share indicate that each exchange’s proportion of the total trading volume of the five exchanges changed; they do not necessarily mean that its actual trading volume increased.
Why it matters to readers
Weekly trading volume can reflect the overall trading activity of these five exchanges during the statistical period; changes in each platform’s share also show how trading volume was redistributed among the platforms. However, the original text does not explain the reason for the decline in trading volume or provide price or fund-flow data.
Beginners can view this as a weekly indicator of trading activity on South Korea’s major crypto platforms, but should not use this data alone to determine price trends or trading direction.
Risks and unknowns
The content is a retelling by PANews of a report by Digital Asset; the evidence does not provide the original statistical methodology or complete data sources.
The end of the main text is truncated, so it is impossible to confirm GOPAX the final market share.
The complete statistical scope of the “five major exchanges” cannot be confirmed from the original text.
The original text does not explain the reason for the decline in trading volume, nor does it explain the impact of this change on the price of any crypto asset.
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Related concepts
weekly trading volume
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