South Korea's Crypto Surge: The Won Hits $663B in 2025
🚀 KRW’s Dominance in Crypto Trading
South Korea’s won (KRW) has surged in crypto trading, reaching $663 billion in 2025, second only to the U.S. dollar ($832 billion), according to Kaiko Research.
💪 South Korea: A Global Crypto Hub
South Korea continues to lead the charge in digital assets, with the won surpassing other major currencies like the euro and British pound in trading volume. Kaiko’s data highlights South Korea as a key player, second to only the dollar in fiat-crypto transactions.
📊 2025 Trading Volume Breakdown
U.S. Dollar (USD): $832B
South Korean Won (KRW): $663B
Euro, Lira, GBP: Significantly behind KRW.
📉 Challenges in the Market
Despite impressive figures, South Korea’s crypto market faces challenges like fragmented markets, low stablecoin adoption, and the persistent ‘Kimchi Premium’—a price gap that hampers institutional growth and innovation.
💰 Kimchi Premium Stays Strong
Bitcoin trades at $105,116 in South Korea, about 2.46% higher than the global average of $103,966, reflecting the ongoing Kimchi Premium.
🇰🇷 Crypto Adoption Soars
With nearly one in three South Korean adults owning crypto, the nation has become the second-largest crypto market globally, with adoption rates twice that of the U.S.
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