TechFlow reported, Markus Thielen, founder of 10x Research, stated on LinkedIn that cryptocurrency trading volume in South Korea sometimes exceeds stock market trading volume. For instance, in early March this year, crypto trading volume reached $16 billion, while the total trading volume of Kospi was $8 billion. The trading volume of Shiba Inu amounted to $3.5 billion, surpassing that of Samsung Electronics.
Analysis shows that South Koreans clearly exhibit a stronger inclination toward investing in cryptocurrencies. This trend is linked to the high return potential of cryptocurrencies, a highly competitive labor market, and an expensive real estate market. Additionally, many South Koreans have grown up playing video games and using digital payments, making them more receptive to cryptocurrencies.
