Crypto transactions in South Korea reach 18 billion USD, surpassing the stock market by 22%

The retail trading volume for cryptocurrency assets in South Korea has skyrocketed to 18 billion USD in the past 24 hours, surpassing the entire stock market of the country by approximately 22%. According to reports, this surge is mainly due to individual investors shifting from stocks to cryptocurrencies, taking advantage of opportunities from high-momentum altcoins.

With the average trading volume of stocks dropping to around 15,000 - 16,000 trillion won (equivalent to about 11.42 billion USD), investors are becoming increasingly disinterested in the stock market due to concerns about risk and lack of liquidity. The trading volume on cryptocurrency exchanges is now nearly 20,000 trillion won (about 14.28 billion USD), higher than the total trading volume of KOSPI and KOSDAQ.

This strong shift is a sign that the cryptocurrency market is attracting more and more interest and resources from South Korean investors, especially from the youth.