Operating Profit of South Korean Cryptocurrency Exchanges Drops 78% in First Half of 2026
In the first half of 2026, the operating profit of South Korean cryptocurrency exchanges fell by 78% year-on-year. During the same period, the average daily trading volume decreased by 44%, the total market value dropped by 33%, and deposits in Korean won declined by 35%, leading to a 41% decrease in exchange revenue. The survey covered 26 registered virtual asset service providers, including 17 exchange operators and 9 custody and wallet service providers, with the statistical period from January 1 to June 30, 2026. The number of accounts eligible for trading saw a slight increase of 0.4% during the same period.
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