The trading volume of the South Korean cryptocurrency exchange Upbit has plummeted by 75% from its peak in March

ChainCatcher news, CoinGecko data shows that as of now, the 24-hour cryptocurrency trading volume of the South Korean exchange Upbit is $3.79 billion, down 75% from the peak of $15 billion on March 5.

A study by DeSpread Research in October indicated that Upbit investors are primarily interested in maximizing profits through altcoins and tend to accept the high risks associated with these coins. Compared to Coinbase, the proportion of BTC and ETH trading pairs on Upbit is relatively small, with Coinbase's trading activity mainly focused on BTC and ETH.