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TechFlow message from Deep Tide: Industry data released on Thursday, July 23, shows that the trading volume of major cryptocurrency exchanges in South Korea has fallen to about 1% of the corresponding figures from the local stock market.
Data from crypto market observation platform CoinGecko shows that from July 1 to 21, the five largest virtual-asset exchanges in South Korea had an average daily trading volume of 597.8 billion won (about $406.5 million). This figure is only 1.59% of the baseline KOSPI market’s average daily trading volume for the same period (376 trillion won). The share of crypto market trading volume in the KOSPI market fell from 11.29% in January to about 6% in March and April, and then to about 2% in May.