South Korea Accounts for 30% of Global Crypto Trading Volume, Dominated by Altcoins

Gate News message, April 15 — According to data from Kaiko, South Korea accounts for 30% of global cryptocurrency trading volume, with altcoins dominating at 85% of trades. Bitcoin comprises just 9% and Ethereum 6%, with average weekly trading volume reaching approximately $26 billion.

In contrast, Japan's yen-denominated trading averages only $2 to $3 billion monthly across four exchanges, significantly smaller in scale. However, Japan's Bitcoin market depth is 3 to 5 times greater than South Korea's, indicating superior liquidity quality in the Japanese market despite its smaller overall volume.