On the 14th, CoinMarketCap and CoinGecko reported that virtual asset transaction volume across South Korea’s five major won-based exchanges, including Upbit, fell to one-tenth of prior levels. The development coincides with a broad rally in the KOSPI, which has drawn investors away from crypto assets.
Market participants say the shift reflects a rotation from higher-risk assets into more traditional investments as stock markets rally. The move has contributed to a notable slowdown in trading activity across domestic crypto platforms.
If the trend persists, crypto liquidity on local exchanges may remain constrained in the near term. The divergence between equities and digital assets underscores ongoing volatility in the crypto space.
On the 14th, CoinMarketCap and CoinGecko reported that virtual asset transaction volumes across South Korea’s five major won-based exchanges, including Upbit, fell to one-tenth of prior levels. The decline accompanies a broad rally in the KOSPI, which has drawn investors away from crypto assets.
Market participants say the shift reflects a rotation from higher-risk assets into more traditional investments as stock markets rally. The move has contributed to a slowdown in trading activity across domestic crypto platforms. If the trend persists, crypto liquidity on local exchanges may remain constrained in the near term. The divergence between equities and digital assets underscores ongoing volatility in the crypto space.
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