BTC $41765.03 (-1.6%)
ETH $2870.34 (-2.6%)
USDT $1.00 (-0.0%)
BCH $484.16 (-2.0%)
BSV $126.73 (-1.1%)
LTC $143.95 (-1.9%)
BNB $338.35 (-0.3%)
ADA $2.05 (-4.5%)
DOGE $0.19 (-1.6%)
BTC $41765.03 (-1.6%)
ETH $2870.34 (-2.6%)
USDT $1.00 (-0.0%)
BCH $484.16 (-2.0%)
BSV $126.73 (-1.1%)
LTC $143.95 (-1.9%)
BNB $338.35 (-0.3%)
ADA $2.05 (-4.5%)
DOGE $0.19 (-1.6%)

South Korea Crypto Trading Volume Surpasses Stock Trading

South Korea Crypto Trading Volume Surpasses Stock Trading
  • Crypto trading volume in South Korea have surpassed the KOSPI.
  • The volume increase came with the price of Bitcoin set at a new ATH of $61,000.

Cryptocurrency trading volume in South Korean exchanges have exceeded stock trading in the Korea Composite Stock Price Index (KOSPI). The increase came after the price of BTC reached $61,000 on Sunday.

Total South Korean crypto exchanges’ volume in the past 24 hours, including prominent exchanges Korbit, Coinone, Upbit, and Bithumb, reached $14.6 billion. Simultaneously, the 24-hour stock trading recorded with roughly $14.5 billion on the Korea Composite Stock Price Index.

The volume increase came with the price increase of Bitcoin that set a new ATH of $61,000, based on the CoinMarketcap.

Aside from the South Korean crypto exchange’s achievements in surpassing the Korean stock market, some exchanges announced the upgrade of their platforms. For example, Bithumb expressed its intention to implement new anti-money laundering (AML) measures.

In this way, traders and investors can be sure that their funds are secure against malicious frauds in the crypto world.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.