{
  "id": 3445132,
  "title": "Global crypto rally sends trading volumes soaring at Korean exchanges",
  "url": "https://urgent.news/2026/08/26/global-crypto-rally-sends-trading-volumes-soaring-at-korean-exchanges",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T06:37:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/cryptocurrency/20260826/global-crypto-rally-sends-trading-volumes-soaring-at-korean-exchanges"
  },
  "original_language": "en",
  "account": "Korean cryptocurrency exchanges experienced a significant surge in trading volumes over the past few days, according to industry officials. This increase in activity comes after a sharp rebound in the prices of bitcoin and ethereum, which have been driving the rally. The heightened trading volumes have raised expectations that the recovery in crypto prices could lead to improved fee revenue for local exchanges, which have been struggling with weak earnings due to a prolonged trading slump.\n\nAs reported by CoinMarketCap and other cryptocurrency data providers, Upbit, Korea's largest crypto exchange, had seen its daily trading volume fluctuate between 300 billion won ($217 million) and 600 billion won for a week prior to August 20. However, on August 20, when bitcoin prices approached $70,000, the daily trading volume on Upbit surged past 1 trillion won. By the afternoon of August 20, trading volume had reached an impressive 4.61 trillion won, nearly 10 times the level observed a week earlier. Since then, trading volume has moderated but remains at around 2 trillion won per day.\n\nThe increased trading activity was not limited to Upbit. Other won-denominated crypto exchanges also witnessed a rise in trading volume over the weekend. Bithumb reported a 24-hour trading volume exceeding 2 trillion won as of 3 p.m. on August 20, while Coinone, Korbit, and GOPAX also recorded higher-than-usual trading volumes.",
  "summary": "Trading volumes surged at Korean crypto exchanges in recent days after bitcoin and ethereum prices rebounded sharply, industry officials said Wednesday. The rebound is raising expectations that the recovery in crypto prices will translate into improved fee revenue for local exchanges, which have suffered weak earnings amid a prolonged trading slump. According to CoinMarketCap and other…",
  "key_points": [
    "Korean crypto exchanges saw surge in trading volumes.",
    "Bitcoin and Ethereum prices rebounded sharply.",
    "Upbit's daily volume exceeded 1 trillion won on August 20."
  ],
  "editors_take": "The surge in trading volumes at Korean exchanges suggests that a sustained crypto price recovery could help reverse the weak earnings trend that has plagued local exchanges.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Global crypto rally sends trading volumes soaring at Korean exchanges",
        "url": "https://urgent.news/2026/08/26/global-crypto-rally-sends-trading-volumes-soaring-at-korean-exchanges-3446496",
        "published": "2026-08-26T06:42:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}