2026-01-02 19:24:26

Coingecko and Tiger Research's latest report reveals an interesting phenomenon: Korea's crypto ecosystem is quietly changing.

Due to tightening local regulatory environmental protection, CEXs within Korea are basically limited to spot trading, which directly increases the "going abroad" costs for investors — but it cannot dampen their enthusiasm. Data shows that by 2025, Korean investors will have withdrawn over 160 trillion KRW (approximately $110 billion) worth of crypto assets from domestic exchanges, flowing to overseas platforms.

What’s more noteworthy is the fee aspect. These funds flowing overseas contribute about 4.77 trillion KRW (around $33.6 million) in fee income to international CEXs. In other words, the exit of Korean investors directly diverts a huge trading fee pool to overseas platforms. This not only reflects the profound impact of regulatory environments on user choices but also indicates that global trading platforms are absorbing an increasing amount of Asian capital flows.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
6
Repost
Share

Comment

0/400

GateUser-e51e87c7

· 01-05 18:46

Koreans are just tough. No matter how strict the regulations are, they can't stop the determination to go overseas. $110 billion, they just release it when they want. I really admire this spirit of paying the bill.

View OriginalReply0

AirdropHuntress

· 01-02 19:52

$110 billion going overseas, this data needs to be carefully analyzed... Korea has directly sent the fee pool abroad in this wave, regulation is truly an invisible hand. Judging by the scale of these fees, how could overseas CEXs not aggressively expand into the Asian market? Money flows where the funds go.

View OriginalReply0

ChainMaskedRider

· 01-02 19:50

160 trillion Korean won going overseas, Koreans are giving all the transaction fees to international exchanges in this wave of "going abroad." Regulation really is the innovation driven out.

View OriginalReply0

CexIsBad

· 01-02 19:41

1. $110 billion going overseas, Koreans have all left, and our regulations shouldn't be so strict either. 2. $3.36 billion in transaction fees? How come domestic exchanges didn't think of this? They were forced out. 3. Really, when regulations tighten, funds run away. This is the same worldwide; nobody wants to be caged. 4. My Korean buddy's move was brilliant. Going overseas, and overseas platforms are laughing their heads off. 5. 160 trillion Korean won. How many people does that take? It shows the demand is right here. 6. Still have to pay transaction fees? Regulations are really driving people crazy. If it were me, I'd leave too. 7. Can't stop enthusiasm haha, well said. The direction of money flow is the real vote. 8. $3.36 billion in transaction fees, international CEXs are making a killing. That's what regulation costs. 9. Asian funds flowing overseas, sooner or later the whole world will open up, or else money is just being wasted. 10. Tightening of regulatory environmental protection? Laughable. Anyway, funds are flowing out, and Korea's example is truly a warning.

View OriginalReply0

OfflineNewbie

· 01-02 19:41

$110 billion going overseas, Korean regulators are really driving people crazy, it hurts to watch. Overseas exchanges are laughing all the way, freeloading off Korea's fee pool. Whenever regulations tighten, investors run away. This time, it's truly "My fate is in my own hands, not heaven's." Koreans leaving means our opportunity to jump in; capital flowing out is just a matter of time. $3.36 billion in fees... That must be a huge trading volume. Overseas CEXs are eating well. The "wave of going overseas" driven by regulation shows that no one really wants to be trapped domestically. Korean wallets are fueling global exchanges; this is what you call a "voluntary" transfer of wealth.

View OriginalReply0