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Corrected: Binance Dominates Crypto Trading Volume in South Korea, Holding 96.91% Share

Mon, 13 Jan 2025, 01:30 am UTC

Binance Dominates Crypto Trading Volume in South Korea, Holding 96.91% Share. Shutterstock

Binance has solidified its dominance in South Korea's cryptocurrency trading market, accounting for a staggering 96.91% of combined trading volume between Binance and local South Korean exchanges.

On January 12, CryptoQuant contributor “burakkesmeci” analyzed the past year’s trading volumes and concluded that Binance continues to surpass all South Korean exchanges combined, maintaining a clear competitive edge.

Binance Dominates Crypto Trading Volume in South Korea, Holding 96.91% Share. (Cryptoquant)

In June 2024, South Korean exchanges achieved their highest combined market share in a year, capturing 25.58% of total trading volume. However, Binance’s significant lead highlights its growing user trust and market influence.

“User confidence in Binance continues to rise,” said burakkesmeci. “If this trend persists, Binance will further cement its position as a leading global cryptocurrency exchange.”

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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