South Korean cryptocurrency holdings have halved in value within a year, with market funds shifting to the stock market.

CoinFeed reported on May 10th, citing Cointelegraph, that the South Korean cryptocurrency market has experienced a sharp contraction, with investor holdings halved in value within a year: from 121.8 trillion won ($83.3 billion) at the end of January 2025 to 60.6 trillion won ($41.4 billion) at the end of February 2026. Daily trading volume on the five major exchanges (Upbit, Bithumb, etc.) plummeted from $11.6 billion in December 2024 to $3 billion in February 2026; platform deposits in Korean won fell from 10.7 trillion won to 7.8 trillion won during the same period. The decline was mainly due to falling cryptocurrency prices and funds flowing into the stock market. Stablecoins bucked the trend, with their holdings decreasing far less than the broader market.