'Alarm' Rings as Crypto Trading Outpaces Stock Market in South Korea

‘Alarm’ Rings as Crypto Trading Outpaces Stock Market in South Korea
Source: Adobe/Сергей Шиманович
South Korean crypto trading volumes have outperformed stock market activity for the first time in the nation’s history, with crypto trading gathering pace at a rate some find “alarming.”
Media outlets such as Yonhap and Segye Ilbo, as well as Kyunghyang Shinmun reported that on April 15, crypto trading volume figures peaked at USD 21.5bn per day.
The combined daily total for the stock market – the
KOSDAQ market plus the sum of the South Korean securities markets and South Korean traders’ activities on overseas markets – reached USD 18.8bn on average in March. April figures are not yet available.

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