TechFlow reported on December 16 that, according to South Korean media, as of the end of November 2024, the total user assets across South Korea's five major cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, GoPax) surpassed 115.7 trillion won (approximately $86.5 billion) for the first time, an increase of about 50 trillion won from the previous month and a new all-time high. In November, monthly stablecoin trading volume reached 16 trillion won, more than six times higher than at the beginning of the year, indicating a significant trend of capital shifting toward overseas markets. South Korea's financial regulators have strengthened oversight on suspicious trading activities and issued warnings regarding tokens with large price discrepancies across exchanges.
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