Domestic crypto market cap down by 8 trillion won…user count rises despite weaker trading

The market capitalization of South Korea’s crypto-asset market declined under the impact of a bear market.

According to the “Survey Results on the Status of Virtual Asset Service Providers in the Second Half of 2025” released on the 25th by the Financial Intelligence Unit (FIU) under the Financial Services Commission, domestic crypto market capitalization in the second half of last year was tallied at 87.2 trillion won. This is a decline of about 8 trillion won from 95.1 trillion won at the end of June that year.

The market contraction was reflected across major indicators. Average daily trading value came to 5.4 trillion won, down 15% from the first half, and operating profit fell 38% to 380.7 billion won.

By contrast, the number of users increased. The number of users eligible to trade rose from 10.77 million at the end of June to 11.13 million as of year-end. Won-denominated deposits also increased.

A won-market–centric structure persisted. Coin-market capitalization fell 26% to 360.3 billion won from 489.6 billion won in the previous period, reducing its share of the overall market.

However, trading on coin markets expanded. Average daily trading value increased from 610 million won to 830 million won, and the operating loss narrowed from 17.4 billion won to 15.1 billion won.

For wallet and custody providers, user count edged up from 759 to 779, but assets under custody fell 58% to 300 billion won from 700 billion won.

This survey is a compilation based on materials submitted by businesses and is not part of nationally approved statistics.