South Korea’s Crypto Market Faces Summer Slowdown as Trading Volumes Plunge
South Korea’s crypto market is experiencing a pronounced summer slowdown, with trading volumes sharply down as retail investors head on vacation and institutions remain on the sidelines. Upbit, the country’s largest exchange, has seen a dramatic 65.8% drop in activity, draining both liquidity and market volatility during the season.
- Retail participation has decreased substantially through the holiday period.
- Institutional activity stays muted, compounding low liquidity issues.
- Reduced volatility marks a notable shift from previous quarters’ active trading environment.
