Korea's Crypto Boom and AI Chip Rally Push Won to World's Second-Largest Crypto Currency

South Korea has become one of the worlds most active cryptocurrency markets in 2026, with the Korean won accounting for nearly 30% of global spot crypto trading volume, according to Kaiko. The country now ranks second only to the US dollar in fiat-to-crypto trading activity, generating approximately $26 billion in weekly crypto turnover from its population of 52 million people.