The Korea Monetary Intelligence Unit introduced on Sept. 26 that the combination worth of the home cryptocurrency market dropped 58 % to 23 trillion received within the first half of this yr, when the variety of cryptocurrencies available in the market elevated from 1,257 to 1,371.
In line with the unit, the typical each day buying and selling worth greater than halved from 11.3 trillion received to five.3 trillion received within the first half. “The whole received deposit as an funding demand indicator decreased from 7.6 trillion received to five.9 trillion received and the working revenue of home cryptocurrency exchanges and associated firms plummeted from greater than 1.64 trillion received to 0.63 trillion received,” it mentioned.
The mixture market worth hit an all-time excessive in November final yr after which stored falling till the top of June this yr. The worth fell beneath 40 trillion received with the Terra scandal in Might and dipped beneath 30 trillion received with the chapter of Celsius in June.
Within the first half of this yr, the variety of cryptocurrency change customers elevated 24 % to six.9 million. “Greater than 20 % of the customers are males of their 30s and people of their 30s and 40s account for 31 % and 26 % of the whole,” it mentioned, including that 68 % of the shoppers are males.