Crypto exchanges in Korea lost a big part of their trading volumes
The volume of trading on cryptocurrency exchanges in South Korea has collapsed by 140%. Kaiko analysts reported this on their blog.
Trading volume on the Upbit, Bithumb, Coinone, and Korbit exchanges is down over 140% from the November 2021 average.
The result of the drop in trading volume has been tightened regulation of trading floors over the past few months, according to Kaiko.