South Korea's Crypto Market Is Getting Older, Quieter, and Smaller
South Koreas crypto market is getting older, quieter, and smaller, according to a half-yearly survey released on October 1 by the Korea Financial Intelligence Unit (KoFIU) and the Financial Supervisory Service. Users in their 40s are now the largest age group, daily trading volume fell 44%, and the value of crypto on domestic exchanges shrank by a third in the first half of 2026. Sponsored Sponsored Crypto assets on those exchanges also posted a 69% maximum drawdown, higher than KOSPI‘s 55.1% and KOSDAQ’s 31.8% over the same period. The survey covered 26 registered virtual asset service providers. Koreas Crypto Market Lost a Third of Its Value The market capitalization of crypto listed on domestic exchanges fell 33% to 58.9 trillion won, according to the KoFIU survey. That left the market 28.3 trillion won smaller than in the second half of 2025. Trading activity fell further than valuations, with average daily volume down 44% to 3.1 trillion won. Won deposits held on exchanges dropped 35% to 5.2 trillion won over the same period. “Both KRW-based exchange service providers and coin-only exchange service providers saw drops in average daily trading volume,” the results showed. KoFIU measures maximum drawdown as the difference between the highest and lowest price, divided by the









