Yonhap: South Korean Crypto Exchange Upbit’s Trading Volume Plummets

South Korean cryptocurrency exchange Upbit’s trading volume has halved in just one day, according to Yonhap News Agency. Data showed that Upbit’s 24-hour trading volume was $3.772 billion (about 4.21 trillion won) as of 10 a.m. on the 14th, compared with $6.694 billion as of 10 a.m. on the 12th, but fell 43 percent to $3.826 billion at the same time on the 13th. In response, industry insiders explained that this was due to the recent downgrading of several coins and the designation of several coins as “special projects” by Upbit.