Crypto Trading Volumes in Korea Beat Their National Stock Exchange
According to the Hankyung news, the volume of crypto transactions in South Korea outnumbered the Korean national stock market. Yesterday’s volume of the four biggest Korean crypto exchanges made a total of $14 billion.
These are Upbit, Coinone, Bithumb and Kobit. This is bigger than the daily transaction amount of the KOSPI, the index of capitalization of the Korean Exchange, and the Korean analogue of NASDAQ, KOSDAQ.
Experts link such an increase with the recent growth of Bitcoin hitting another ATH. Due to the pandemics of COVID-19 and the monetary policy of North America investors turned to the safer options for investment. Speaking about specific reasons for the South Korean region, there are few high-profit investment options and the general interest of the government in digital finance.