DeFi Daily News
Tuesday, October 21, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Stock Market

Trading Volume on Upbit Drops by 44.8% as South Korea Implements New Regulations, Reports Coin Media

News Room by News Room
July 17, 2024
in Stock Market
0 0
0
Trading Volume on Upbit Drops by 44.8% as South Korea Implements New Regulations, Reports Coin Media
0
SHARES
2
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article

Key Points:

According to Coingecko, Upbit, South Korea’s largest crypto exchange, saw its trading volume drop sharply to $30.4 billion in June, down 44.8% from May’s $55.2 billion.

Upbit’s decline in trading volume is the most significant among mainstream exchanges; signaling heightened sensitivity to regulatory uncertainties in South Korea.

According to Coingecko data, Upbit trading volume recorded a massive drop in its spot trading volume for June. It tumbled by 44.8% to $30.4 billion from $55.2 billion the previous month.

That is the most significant drop among major cryptocurrency exchanges, which adds more evidence that the exchange reacted too sensitively to the regulatory changes.

Read more: DeFi Daily News

June Trading Volume Plunges 44.8%

Upbit’s performance mirrors broader market apprehensions and adjustments among cryptocurrency players—investors and traders—in the light of forthcoming regulatory changes. Shrinking trading volumes point to the market’s reaction to its regulation uncertainties and the readjustment of strategies in the stakeholder community as compliance evolves.

One of the most dynamic crypto markets in the world, South Korea (Upbit trading volume) takes a significant place in the world’s digital asset market. Thus, regulatory actions planned to take effect can bend the line of action on how cryptocurrency operators in the country play their role, impacting market dynamics and investor sentiment.

Upbit Trading Volume Dips Amid Policy Speculations

Upbit trading volume and others’ ability to make such changes while staying compliant with evolving regulatory requirements amid market competitiveness have put industry watchers on high alert. One of the vital focal points of stakeholders eyeing stability and looking for sustainable growth in the cryptocurrency sector remains how changes affect trading volume and market liquidity at the regulatory level.

Read the full article here

Conclusion:

In conclusion, the significant drop in trading volume at Upbit and other major cryptocurrency exchanges highlights the impact of regulatory uncertainties on market dynamics. As stakeholders navigate evolving compliance requirements, the need for stability and sustainable growth in the cryptocurrency sector becomes a crucial consideration.

Stay updated with the latest news and trends in the crypto world by visiting DeFi Daily News for more insightful articles and analysis.



Source link

Tags: coinDropsImplementsKoreamediaRegulationsreportsSouthTradingUpbitvolume
ShareTweetShare
Previous Post

BlackRock Unveils Competitive 0.25% Fee for Its Spot Ethereum ETF Amid Updated Filings by Issuers

Next Post

Aurora Culpo Opens Up About Paul Bernon’s Breakup, Criticizes Bethenny Frankel for Spreading News – Perez Hilton

Next Post
Aurora Culpo Opens Up About Paul Bernon’s Breakup, Criticizes Bethenny Frankel for Spreading News – Perez Hilton

Aurora Culpo Opens Up About Paul Bernon's Breakup, Criticizes Bethenny Frankel for Spreading News - Perez Hilton

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Why Outlet Malls Are Struggling In The U.S.

Why Outlet Malls Are Struggling In The U.S.

July 16, 2024
rewrite this title Soulframe Joineries and reforging guide

rewrite this title Soulframe Joineries and reforging guide

July 28, 2025
Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

July 31, 2024
rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

September 29, 2025
Use rhino.fi to make payments with cryptocurrency and maintain your anonymity

Use rhino.fi to make payments with cryptocurrency and maintain your anonymity

August 14, 2024
rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for .7 billion, in Buffett’s biggest deal in three years

rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years

October 2, 2025
rewrite this title with good SEO Crypto Winter Looms: These Key Signals Point To A Deeper Crash Ahead

rewrite this title with good SEO Crypto Winter Looms: These Key Signals Point To A Deeper Crash Ahead

October 21, 2025
rewrite this title RTX Pro 5000 crushes creative workloads but ignores gaming glory

rewrite this title RTX Pro 5000 crushes creative workloads but ignores gaming glory

October 21, 2025
rewrite this title Catan: Netflix developing movie & TV projects based on the popular board game

rewrite this title Catan: Netflix developing movie & TV projects based on the popular board game

October 21, 2025
rewrite this title Europol and Eurojust Seizes 0,000 Crypto in Latvia Raid

rewrite this title Europol and Eurojust Seizes $330,000 Crypto in Latvia Raid

October 21, 2025
rewrite this title Roasted vs. Soaked Chickpeas: Which Is Better for Digestion and Protein?

rewrite this title Roasted vs. Soaked Chickpeas: Which Is Better for Digestion and Protein?

October 21, 2025
rewrite this title 5 Reasons to Get the New AAdvantage Globe Card – NerdWallet

rewrite this title 5 Reasons to Get the New AAdvantage Globe Card – NerdWallet

October 21, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.