South Korea’s five largest crypto exchanges saw average daily trading volume fall roughly 89% year over year to about $305 million, a steep retreat that points to a sharp cooling in the country’s once-frenetic retail trading activity. The decline covers the country’s five biggest platforms, whose combined average daily trading volume slid to about $305 million, reflecting an 89% drop from a year earlier. The figure measures average daily turnover, not a one-day snapshot, which makes the size of the pullback harder to dismiss as noise. For related coverage, see South Dakota Crypto Investor Indicted in Alleged $20M Investment Fraud.