South Korean cryptocurrency exchanges are experiencing a decline in trading volumes as international platforms gain traction. A report by the Financial Services Commission and Financial Supervisory Service revealed that 78.9 trillion won ($56.2 billion) was transferred to overseas exchanges in the first half of 2025, marking a 4% increase. Despite an 11% rise in user numbers to 10.77 million, KRW deposits fell by 42% to 6.2 trillion won ($4.4 billion), indicating reduced standby trading funds. The domestic crypto market capitalization decreased by 14%, contrasting with a 7% decline in international markets. In response, South Korea's largest exchange, Upbit, is expanding its offerings by listing new tokens such as FLUID, Infinit (IN), and B3. Additionally, the number of 'kimchi coins' on domestic exchanges has decreased by 3%, reflecting shifting market dynamics.