The total assets held by South Korean domestic virtual asset exchanges have historically exceeded 1 trillion won for the first time. The office of Democratic Party lawmaker Kim Hyun-jung recently revealed that the total assets held by five major virtual asset exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax), including virtual assets and user deposits, reached 1,157,267 billion won by the end of November, a record high. Compared to the level of 650 trillion won at the end of October, this represents an increase of about 50 trillion won in just one month.
Analysis points out that this growth occurred due to the significant increase in cryptocurrency prices after Trump won the presidential election, leading to a surge in trading volume. However, experts warn that many of the coins listed on South Korean exchanges are aimed at speculative demand, and investment should be approached with caution. (Daily Economic News) #binancepizza
