Data: By 2025, the cryptocurrency trading volume in Korean won will reach 663 billion US dollars, second only to the US dollar According to Kaiko data, as of 2025 this month, the cryptocurrency trading volume denominated in Korean won (KRW) has reached $663 billion, making it the second largest cryptocurrency market in the world after the US dollar ($832 billion). About one-third of South Korean adults hold cryptocurrency assets, which is twice that of the United States, indicating a continued increase in their political and economic influence. However, structural issues such as market fragmentation, low adoption of stablecoins, and "kimchi premium" still constrain institutional participation and product innovation.