Domestic Crypto Trading Volume Only 2% of KOSPI... 'Vastly Different' from a Year Ago
While the stock market's trading volume has increased significantly as the KOSPI index recently surged, the scale of the domestic crypto market's trading volume
What to know
- While the stock market's trading volume has increased significantly as the KOSPI index recently surged, the scale of the domestic crypto market's trading volume
While the stock market's trading volume has increased significantly as the KOSPI index recently surged, the scale of the domestic crypto market's trading volume has dropped sharply to a mere 2% compared to the KOSPI.
According to Maeil Business Newspaper, the daily trading volume of the KOSPI recorded 118.267 trillion won as of May 29. In contrast, the 24-hour trading volume of the nation's top five digital asset exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax) on the same day was only 2.713 trillion won.
This presents a starkly contrasting picture to the bullish atmosphere of the crypto market just a year ago.