Deep Tide TechFlow news, on December 16, according to Cryptonews, Korea Exchange Chairman Jeong Eun-pyo stated in an interview with (Daily Economy) that South Korea needs to "accelerate the institutionalization of digital assets" and "act quickly," otherwise it may fall behind in international competition. He pointed out that the average daily trading volume of the Korean stock market is about 200 trillion won (about 14 billion USD), while the trading volume of the cryptocurrency market has exceeded this level since Trump was elected President of the United States.
Jeong Eun-pyo emphasized that the scale and influence of the cryptocurrency market have developed to a point where traditional markets cannot ignore it, and leaders of exchanges from various countries recently had in-depth discussions on this at the World Federation of Exchanges (WFE) summit. It is worth noting that the South Korean cryptocurrency market is unique, mainly dominated by retail investors, and currently, no cryptocurrency companies are listed on the Korean exchange, and companies cannot purchase cryptocurrencies using their balance sheets, while the Bitcoin spot ETF has not yet been approved.