Data: In 2025, Korean won crypto trading volume reaches $663 billion, second only to the US dollar

According to Odaily Planet Daily, Kaiko data shows that as of this month in 2025, the trading volume of cryptocurrencies denominated in Korean won (KRW) has reached $663 billion, ranking second globally after the US dollar ($832 billion). About one-third of adults in South Korea hold crypto assets, which is twice the rate in the United States, highlighting the growing influence of crypto in the country’s political and economic spheres. However, structural issues such as market fragmentation, low stablecoin adoption, and the “kimchi premium” continue to limit institutional participation and product innovation.