The trading volume of the South Korean cryptocurrency market has approached twice that of the stock market

ChainCatcher news, according to South Korean media koreaherald, influenced by the domestic political situation in South Korea, local investors are flocking to alternative assets such as cryptocurrencies.

As of last Friday at 3:30 PM, the 24-hour trading volume of South Korea's top five cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit, and Gopax was $14.59 billion. This amount is equivalent to 20.72 trillion won, nearly double the Kospi's trading volume of 10.48 trillion won on the same day.