South Korea's Financial Services Commission reported a significant outflow of approximately $60 billion in crypto assets from domestic exchanges to overseas platforms and private wallets in the second half of 2025. This marks a 14% increase from the first half, attributed to arbitrage activities amid market volatility.
Despite a 3% rise in user accounts to 11.1 million and a 31% increase in deposit volumes to 8.1 trillion KRW, the net profit of 18 local exchanges fell by 38% to 380.7 billion KRW. The total market capitalization of South Korea's crypto market decreased by 8% to 87.2 trillion KRW, with daily trading volumes dropping 15% month-over-month. Regulators cited declining major cryptocurrency prices as the primary factor for reduced trading activity and profitability.
South Korea Sees $60B Crypto Outflow, Exchange Profits Plummet 38%
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