On November 26, news outlet BlockBeats shared that South Korea, one of the most active markets for cryptocurrencies globally, had a surprising ranking. In the past 24 hours, their transaction volume for Ethereum and Bitcoin was sixth and seventh respectively. This was in stark contrast to other cryptocurrencies like Sand, XRP, XLM, and Dege which had much higher trading volumes.
This suggests a shift in the preferences of retail investors. With Bitcoin nearing the $100,000 mark due to institutional funds, it’s likely that retail investors are opting for assets with higher potential returns. Interestingly, some indicators show that cryptocurrency trading volume among South Korean retail investors has surpassed local stock market trading volume.
This signifies a generational change, with younger individuals moving away from traditional stock investments (often passive index funds) towards cryptocurrencies. This trend could potentially spread globally.
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<p>The post South Korea’s Retail Investors Shift to Cryptocurrencies, Overtaking Stock Trading Volume first appeared on CoinBuzzFeed.</p>
