Kaiko: South Korea accounts for 30% of global crypto trading volume, with altcoins making up 85% of the market

BlockBeats reported on April 15 that, according to crypto data provider KaikoData, South Korea accounts for 30% of global crypto trading volume, with altcoins making up as much as 85%, Bitcoin only 9%, and Ethereum 6%.

South Korean trading platforms see an average weekly trading volume of $2.622 billion, dominated by altcoins, reflecting a strong speculative characteristic. In contrast, Japanese crypto trading volume remains stable at $2–3 billion per month. Although much lower than South Korea, Japan's 1% market depth for Bitcoin is 3–5 times that of South Korea, providing better liquidity.