Data: The Korean won crypto trading volume will reach $663 billion in 2025, second only to the US dollar

Odaily News Kaiko data shows that as of this month, in 2025, the volume of crypto transactions denominated in Korean won (KRW) reached $663 billion, following the US dollar ($832 billion) to become the world's second largest cryptocurrency market. About one-third of adults in South Korea hold crypto assets, twice as many as in the United States, showing that its influence in politics and the economy continues to grow. However, structural problems such as market fragmentation, low adoption of stablecoins and "Kimchi premium" still restrict institutional participation and product innovation.