Data: South Korea accounts for 30% of global cryptocurrency trading volume, dominating altcoins but with market depth not as strong as Japan

According to monitoring by the cryptocurrency data agency Kaiko (@KaikoData), South Korea accounts for 30% of the global cryptocurrency trading volume, with altcoin trading making up as much as 85%, Bitcoin only accounting for 9%, and Ethereum at 6%, with a weekly trading volume of approximately $26 billion.

In contrast, Japan's yen-denominated trading averages only between $2 billion and $3 billion per month, distributed across four exchanges, which is far less than South Korea. However, the depth of the Bitcoin market in Japan is 3 to 5 times that of South Korea, indicating that the liquidity quality in the Japanese market is superior.