South Korea's cryptocurrency trading volume has sharply declined by 60.6% in late October 2025, dropping from $9.33 billion on October 10 to $3.67 billion by October 30. This significant decrease comes despite a 141.04% increase in new coin listings across the country's top five exchanges, which collectively added 378 new digital assets this year. Bithumb led the listings with 128 new coins, followed by Coinone with 126, Upbit with 80, Korbit with 31, and Gopax with 13. Analysts attribute the decline in trading activity to several factors, including a broader market downturn, regulatory uncertainty, investor fatigue, and liquidity fragmentation. These challenges appear to have outweighed the potential boost from the surge in new digital asset offerings.