South Korea's largest exchange platform, Upbit, has seen its trading volume plummet. In November 2025, Upbit's average daily trading volume was only $1.78 billion, an 80% drop compared to $9 billion in December 2024, and it has been declining for four consecutive months. Bithumb At the end of 2024 (December), Bithumb's average daily trading volume was around $2.45 billion. By November 2025, it had dropped to approximately $890 million, a decrease of about 69%, or two-thirds.