Overview
- Average daily trading on Upbit has fallen from roughly $9 billion in late 2024 to about $1.8 billion by November 2025, a drop of nearly 80%.
- Bithumb has lost more than two-thirds of its liquidity over the past year, with Korea’s crypto activity now concentrated in a muted $2–$4 billion daily range.
- The KOSPI has climbed more than 70% year to date, and October delivered its strongest monthly gain since 2001 with a 21% jump and 17 intraday records.
- Samsung Electronics and SK hynix are leading the surge, with their combined turnover exceeding a quarter of exchange trading, while active trading accounts rose to 95.33 million by Oct. 31.
- Retail leverage has expanded sharply, with margin lending and leveraged ETFs in favor and positions nearing 30% of holdings, as memecoin rallies fade without Korean retail flows.