10x Research Founder: Koreans Prefer Cryptocurrency Over Stocks

ChainCatcher news, 10x Research founder Markus Thielen stated that cryptocurrency trading volume in South Korea sometimes exceeds stock market trading volume. For example, in early March this year, the cryptocurrency trading volume reached $16 billion, while the total trading volume of Kospi was $8 billion. The trading volume of Shiba-Inu was $3.5 billion, surpassing that of Samsung Electronics.

Analysis shows that South Koreans are significantly more inclined to invest in cryptocurrencies. This is related to the high potential returns of cryptocurrencies, a competitive labor market, and the high cost of the real estate market. In addition, many South Koreans have grown up playing video games and making electronic payments, making them more receptive to cryptocurrencies.