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Topic: Now that cryptocurrency trading volume surpassed the south Korean stock market. - page 2. (Read 228 times)

hero member
Activity: 2632
Merit: 833
South Korea is one of the biggest market that we have in cryptocurrencies.

They seem to be lowkey in terms of exchanges but if you're going to live there and get to know more about exchanges, they are contender for having good volume.

And if it has managed to surpass the volume of stock market. That only means that more and more South Koreans are now getting into crypto which only shows that adoption is increasing there.

Yep, no surprises here, South Korea is one of the top crypto traders together with Japan is Asia.

They have a lot of crypto exchanges as well so obviously, they are really into bitcoin trading way back. They have strict regulations though, but it doesn't mean that traders will simply stop. And with that, I agree that maybe South Koreans are moving out of the traditional markets, focus more on crypto because we are in the bull run, make sense for them to at least shift for now.
hero member
Activity: 2842
Merit: 625
South Korea is one of the biggest market that we have in cryptocurrencies.

They seem to be lowkey in terms of exchanges but if you're going to live there and get to know more about exchanges, they are contender for having good volume.

And if it has managed to surpass the volume of stock market. That only means that more and more South Koreans are now getting into crypto which only shows that adoption is increasing there.
member
Activity: 504
Merit: 57
watching closely on Saturday when the bitcoin price rose to an all time high of above $61k, data from coinmarketcap have shown that the 24 hours bitcoin/cryptocurrency trading volume in the south Korea region have exceeded the country daily transactions amount of the countries stock market. Despite the many challenges faced by cryptocurrency exchanges in south Korea. If you combine the volume of transactions on the top exchanges in south Korea e.g Upbit, Bithumb coinone etc you will arrived at a 24 hours trading volume of $14.6 billion while the south Korean stock index peg at $10 billion. Despite the fact that trading volume on coinmarketcap is not 100% accurate due to some exchanges having and recording fake trading volume. But seeing how bitcoin market capitalization reached $1 trillion twice this year I guess this is the point we can say no matter the ups and downs in the cryptocurrency market the level of adoption and usage has greatly increased.
You can read the news here:
https://cointelegraph.com/news/reported-volume-of-top-south-korean-crypto-exchanges-surpasses-that-of-the-country-s-stock-market?fbclid=IwAR0h4moIawQCbD5fMD9ZI8PJhl8_S-KH74OvdkrnVD5scauPJWm9aEHWj5s
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