#near跌至约4.70美元较日高跌逾14%
Profits at Korean exchanges fell by 78%, but what this number may truly be telling us isn’t necessarily “bad news” for crypto—it may be about where the money went..
📈 了解最新交易计划
The Korea Financial Intelligence Unit has just released its H1 figures: 26 licensed virtual asset service providers saw operating profit down 78% year-on-year.. Average daily trading volume fell 44% compared with the prior six months, market cap shrank 33%, KRW deposits were down 35%, and exchange revenue dropped 41%.. The only thing rising was the number of tradable accounts, up just 0.4%..
Most people see this as yet another round of bear-market evidence—the industry isn’t doing well.. But if you put another set of figures from the same period alongside it, the picture changes.. Over the past year, crypto assets held by Korean investors shrank 50.2%, leaving 60.6 trillion KRW (about $41.4 billion); while the KOSPI index doubled over the twelve months leading up to July 22.. The daily average trading volume across the top five exchanges fell by roughly 89% year-on-year..
In other words, the money hasn’t “evaporated”—it’s moved from one venue to another.. What exchanges earn is the “itchy” money—once trading frequency drops, the revenue model immediately bottoms out.. And what stocks are eating is a different kind of money: priced in the local currency, more regulator-friendly, and still able to tell a growth story..
The signal behind this is worth watching more than the price: a market that once contributed globally top-tier retail trading volume is actively shifting marginal capital to traditional equity assets.. If this trend continues, Korea won’t just be a retail sentiment gauge—it could become a case study in capital reallocation—when local risk appetite recovers, the first thing to be refilled may not be these smaller exchanges, but rather the global large-cap boards with better liquidity..
One twist: this dataset covers the first half—months 1 to 6—so it’s lagging by a full quarter.. If crypto already started to rebound by Q3, then the 78% is just what the rear-view mirror shows.. What really matters is whether deposits and trading volume have come back in the next report—that will be the evidence the money has turned around..
Profits at Korean exchanges fell by 78%, but what this number may truly be telling us isn’t necessarily “bad news” for crypto—it may be about where the money went..
📈 了解最新交易计划
The Korea Financial Intelligence Unit has just released its H1 figures: 26 licensed virtual asset service providers saw operating profit down 78% year-on-year.. Average daily trading volume fell 44% compared with the prior six months, market cap shrank 33%, KRW deposits were down 35%, and exchange revenue dropped 41%.. The only thing rising was the number of tradable accounts, up just 0.4%..
Most people see this as yet another round of bear-market evidence—the industry isn’t doing well.. But if you put another set of figures from the same period alongside it, the picture changes.. Over the past year, crypto assets held by Korean investors shrank 50.2%, leaving 60.6 trillion KRW (about $41.4 billion); while the KOSPI index doubled over the twelve months leading up to July 22.. The daily average trading volume across the top five exchanges fell by roughly 89% year-on-year..
In other words, the money hasn’t “evaporated”—it’s moved from one venue to another.. What exchanges earn is the “itchy” money—once trading frequency drops, the revenue model immediately bottoms out.. And what stocks are eating is a different kind of money: priced in the local currency, more regulator-friendly, and still able to tell a growth story..
The signal behind this is worth watching more than the price: a market that once contributed globally top-tier retail trading volume is actively shifting marginal capital to traditional equity assets.. If this trend continues, Korea won’t just be a retail sentiment gauge—it could become a case study in capital reallocation—when local risk appetite recovers, the first thing to be refilled may not be these smaller exchanges, but rather the global large-cap boards with better liquidity..
One twist: this dataset covers the first half—months 1 to 6—so it’s lagging by a full quarter.. If crypto already started to rebound by Q3, then the 78% is just what the rear-view mirror shows.. What really matters is whether deposits and trading volume have come back in the next report—that will be the evidence the money has turned around..
