ChainCatcher's latest news shows that the stablecoin trading volume of the top five cryptocurrency exchanges in South Korea reached a new high in November 2024. According to CryptoQuant data, these exchanges include Upbit, Bithumb, Coinone, Korbit, and GOPAX, with a monthly total stablecoin trading volume of approximately 16.17 trillion won (about 11.5 billion USD). This figure has grown sevenfold from 2 trillion won at the beginning of the year, marking the first time that South Korea's monthly stablecoin trading volume has surpassed 10 trillion won.

The surge in stablecoin trading volume may be related to South Korean investors transferring assets overseas. As of Monday, the 24-hour trading volume in the domestic virtual asset market in South Korea was 23 trillion won, accounting for 9.05% of the global total. This trend indicates that the South Korean market occupies an important position in global cryptocurrency trading and deserves continued attention.