Kaiko: South Korea Accounts for 30% of Global Crypto Trading Volume, Altcoins Make Up as Much as 85%

According to Kaiko data, South Korea accounts for 30% of the global cryptocurrency trading volume, with altcoins making up 85% of that volume, Bitcoin accounting for only 9%, and Ethereum accounting for 6%. On the other hand, yen-denominated trading remains stable at $2 to $3 billion per month across four exchanges, significantly lower than South Korea's average weekly trading volume of $26 billion. However, the Bitcoin market depth in Japan is 3 to 5 times that of South Korea.