$BTC
The South Korean cryptocurrency market is booming! Trading volume far exceeds the stock market by two times, with investors flocking in
Surge in trading in the South Korean cryptocurrency market
Background: On December 10th, South Korean media outlet koreaherald reported on the latest developments in the South Korean cryptocurrency market.
Reason: Influenced by the domestic political situation, South Korean investors are turning to cryptocurrencies and other alternative assets.
Data: As of last Friday at 3:30 PM, the 24-hour trading volume of the five major cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, and Gopax) reached $14.59 billion, equivalent to 20.72 trillion Korean won.
Comparison: This trading volume is nearly double that of the Kospi stock market's trading volume on the same day (10.48 trillion Korean won).
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