Data: South Korea accounts for 30% of global crypto trading volume; altcoins dominate, but market depth lags behind Japan’s.

According to Kaiko (@KaikoData), a cryptocurrency data firm, South Korea accounts for 30% of global cryptocurrency trading volume, with altcoin trading making up as much as 85% of that total; Bitcoin accounts for only 9%, and Ethereum 6%. Weekly trading volume averages approximately $2.6 billion. In contrast, Japan’s yen-denominated trading volume remains at just $2–3 billion per month across four exchanges—far smaller than South Korea’s—but Japan’s Bitcoin market depth is three to five times greater than South Korea’s, indicating superior liquidity quality in the Japanese market.