Crypto exchanges in South Korea made 78% less operating profit in the first half of 2026, according to government data reported by Cointelegraph on October 2, 2026. The same period also saw trading volume, total market capitalization and customer deposits go down.
The figure covers South Korean exchanges as a group. The report links the drop in profit to less trading, lower market value and smaller deposits. It does not say how big each of those declines was.
Several things are not known from this report. It does not name individual exchanges, give profit in won, or show how the 78% is split among firms. It also says nothing about the second half of 2026.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The data covers South Korean exchanges and names none of these four. Funding rates are set by the balance of longs and shorts on each venue, and each venue sets its own fees. Nothing in this report touches either one, and it gives no figures on liquidity at the four exchanges Perp Desk tracks.
Source: cointelegraph — South Korea crypto exchange profits fall 78% in H1 amid trading slump