ChainCatcher news, according to South Korean media koreaherald, influenced by the domestic political situation in South Korea, local investors are flocking to alternative assets such as cryptocurrencies.As of last Friday at 3:30 PM, the 24-hour trading volume of South Korea's top five cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit, and Gopax was $14.59 billion. This amount is equivalent to 20.72 trillion won, nearly double the Kospi's trading volume of 10.48 trillion won on the same day.

ChainCatcher news, according to local media reports in South Korea, the Korea Exchange stated on the 13th that the average daily trading volume of KOSPI and KOSDAQ in January this year was about 20 trillion won, which has shrunk to around 15 trillion won this month.According to CoinMarketCap statistics, on the 13th, the total trading volume of the five major cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax) reached 34.674 trillion won in the past 24 hours.The cryptocurrency trading volume is about 1.5 times the trading volume of KOSPI (12.848 trillion won) and KOSDAQ (7.4123 trillion won) from the previous day.

ChainCatcher news, according to News1, ten domestic C2C exchanges in South Korea, including Oasis and Huobi Korea, have jointly launched the Virtual Asset Trading Association (VXA). They reached a consensus on addressing the monopoly issue in the South Korean virtual asset market by expanding the issuance of real-name accounts, creating an effective and fair competitive environment for consumer rights, expanding consumer choice through the provision of various services, establishing a sound ecosystem for the development of the virtual asset market, and restoring investment confidence and stability through the establishment of a thorough monitoring system. They also stated that they will urge specific implementation plans through the VXA in the future. (source link)