*KoFIU survey Oct 1: 26 VASPs = 17 exchanges + 9 custodians/wallet — Jan 1-June 30 2026*$SAND $VELVET $龙虾
- *Daily volume -44% to KRW3.1T ($2.1B) from KRW5.4T H2 2025 — mkt cap -33% to KRW58.9T from KRW87.2T — won deposits -35% to KRW5.2T from KRW8.1T — sales -41% — operating profit -78% to KRW81.6B from KRW374.8B*
- *Accounts +0.4% to 11.175M tradable (11.126M prior) — under KRW1M holders +370K to 8.63M — age shift: 40s now largest (was 30s) — max drawdown 69% (vs KOSPI 55.1%, KOSDAQ 31.8%)*
- *Context: retail rotation to stocks — crypto holdings down 50.2% to 60.6T won ∼$41.4B YoY per May data (ChosunBiz) — Cointelegraph July: Upbit/Bithumb/Coinone/Korbit/Gopax combined daily vol -89% YoY while KOSPI doubled to July 22 — not tighter regulation cause cited in survey, but shift + risk appetite*
*BREAKING 🚨 South Korea crypto exchanges H1 2026: operating profit -78% to KRW81.6B, daily volume -44% to KRW3.1T, mkt cap -33% to KRW58.9T, won deposits -35% to KRW5.2T, sales -41% 📉 KoFIU Oct 1 survey 26 VASPs (17 exchanges+9 custody) Jan-Jun — accounts +0.4% to 11.175M but 40s now top age, <KRW1M holders +370K — retail shifting to KOSPI (+100% YoY vs -89% crypto vol July), 69% max drawdown vs KOSPI 55.1% 📊*
- *Daily volume -44% to KRW3.1T ($2.1B) from KRW5.4T H2 2025 — mkt cap -33% to KRW58.9T from KRW87.2T — won deposits -35% to KRW5.2T from KRW8.1T — sales -41% — operating profit -78% to KRW81.6B from KRW374.8B*
- *Accounts +0.4% to 11.175M tradable (11.126M prior) — under KRW1M holders +370K to 8.63M — age shift: 40s now largest (was 30s) — max drawdown 69% (vs KOSPI 55.1%, KOSDAQ 31.8%)*
- *Context: retail rotation to stocks — crypto holdings down 50.2% to 60.6T won ∼$41.4B YoY per May data (ChosunBiz) — Cointelegraph July: Upbit/Bithumb/Coinone/Korbit/Gopax combined daily vol -89% YoY while KOSPI doubled to July 22 — not tighter regulation cause cited in survey, but shift + risk appetite*
*BREAKING 🚨 South Korea crypto exchanges H1 2026: operating profit -78% to KRW81.6B, daily volume -44% to KRW3.1T, mkt cap -33% to KRW58.9T, won deposits -35% to KRW5.2T, sales -41% 📉 KoFIU Oct 1 survey 26 VASPs (17 exchanges+9 custody) Jan-Jun — accounts +0.4% to 11.175M but 40s now top age, <KRW1M holders +370K — retail shifting to KOSPI (+100% YoY vs -89% crypto vol July), 69% max drawdown vs KOSPI 55.1% 📊*
