KoFIU Unveils H1 2026 Survey Result on Virtual Asset Service Providers

The Korea Financial Intelligence Unit (KoFIU) and the Financial Supervisory Service (FSS) conducted a survey on 26 registered virtual asset service providers (VASPs) to assess the current state of the domestic virtual asset market and keep relevant statistics up to date.

(Respondents)  26 VASPs (17 exchange service providers and 9 custody and wallet service providers)

(Survey Method)  Data collected from VASPs

(Period Covered)  January 1, 2026 to June 30, 2026

In the first half of 2026, domestic virtual asset exchange service providers saw drops in market capitalization (down KRW28.3 trillion or 33%), average daily trading volume (down KRW2.3 trillion or 44%), and total amount of deposits in KRW (down KRW2.9 trillion or 35%). The maximum drawdown ratio was 69 percent, which stood at a higher level in comparison to domestic stock market indices (55.1 percent for KOSPI and 31.8 percent for KOSDAQ) over the same period.

With KRW-based exchange service providers continuing to dominate the market, the market capitalization of coin-only exchange service providers stood at only 0.6 percent of the total market capitalization. Both KRW-based exchange service providers and coin-only exchange service providers saw drops in average daily trading volume (down KRW2.3 trillion or 44 percent and down KRW450 million or 55 percent, respectively). The monthly turnover ratio also showed a significant gap in transactions volumes between KRW-based exchange service providers (100 to 201 percent) and coin-only exchange service providers (2 to 9 percent).