Matrixport: The trading volume of retail cryptocurrency in South Korea has surpassed that of the local stock market

2024-11-26 15:06:11

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ChainCatcher news, Matrixport released today's chart stating that South Korea, as one of the most active retail cryptocurrency markets globally, ranked only sixth and seventh in trading volume for Ethereum and Bitcoin in the past 24 hours, while coins like Sand, XRP, XLM, and Doge significantly led in trading volume.

This phenomenon reflects a shift in retail investors' trading preferences. As Bitcoin approaches the $100,000 mark driven by institutional funds, retail investors tend to opt for assets with greater upside potential, seeking higher return elasticity (Beta returns).

More notably, according to some indicators, the cryptocurrency trading volume of South Korean retail investors has surpassed that of the local stock market. This marks a generational shift: traditional stock investors (often passive index fund holders) are being replaced by a new generation of cryptocurrency retail investors. This trend may continue to spread globally.

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