South Korea's five biggest cryptocurrency exchanges — Upbit, Bithumb, Coinone, DigitalX and GOPAX — recorded combined trading volume of roughly 31.1 trillion won ($23 billion) between Aug. 21 and Aug. 28, up 188.04% from the 10.8 trillion won seen the previous week. That marked the highest weekly reading in nearly 10 months, dating back to late October 2025. Upbit stayed in first place with a 59.61% market share, while Bithumb followed at 33.11%. DigitalX, the exchange formerly known as Korbit, saw its market share climb 3.477 percentage points to 4.21%, moving past Coinone's 3.05% to take third place — its best market-share showing in about 20 weeks. The figures reflect a sharp rebound in weekly activity across South Korea's crypto exchanges, with total volume more than doubling from the previous week and approaching levels not seen since late October 2025. The dominance of Upbit and Bithumb remained intact, together accounting for more than 90% of the market. Meanwhile, the standings among the smaller exchanges shifted, with DigitalX displacing Coinone in the rankings. The data was reported by BlockBeats on Aug. 29.
South Korea's five largest crypto exchanges logged their biggest weekly trading volume in nearly 10 months.
BlockBeats data shows that from Aug. 21 to Aug. 28, the combined volume on Upbit, Bithumb, Coinone, DigitalX and GOPAX reached around 31.1 trillion won, or about $23 billion. That compares with 10.8 trillion won a week earlier, an increase of 188.04%. It was the highest weekly figure since late October 2025.
Upbit kept its lead with a 59.61% market share. Bithumb followed at 33.11%.
The ranking behind the top two changed, though. DigitalX, the platform formerly known as Korbit, saw its share jump 3.477 percentage points to 4.21%, moving past Coinone's 3.05% and into third place. That was DigitalX's highest market share in about 20 weeks.
The weekly numbers show a sharp rebound in activity across South Korea's crypto exchanges. The volume more than doubled from the prior week, and the two leading platforms continued to account for more than 90% of total trading. The shift among the smaller exchanges also tightened the race for third, with DigitalX pulling ahead of Coinone.
BlockBeats reported the figures on Aug. 29.
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