South Korean stock market crashes, residents turn to cryptocurrency, 30% of the population participates in trading coins! The crypto market has become a new 'wealth battleground'!
Against the backdrop of a strong dollar, the South Korean stock market has become the weakest in Asia, with the index plummeting 10% this year (in Korean won), and down 18.9% when measured in US dollars. However, South Korean residents did not sit idle; instead, they quickly shifted their funds to the cryptocurrency market. Data shows that over 30% of the population in Korea is now involved in trading coins, leading to a surge in domestic crypto market trading volume, which quadrupled from October to November!
This phenomenon marks the accelerated outflow of funds from the traditional stock market and the fervor in the crypto market, especially after the complete disconnection between Bitcoin and the stock market. South Koreans have always been enthusiastic about cryptocurrency; will this 'coin trading craze' bring them new opportunities for wealth?
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