South Korean crypto trading surges amid stock market plunge South Korean crypto exchanges saw a fresh spike in trading activity as the country’s stock market had several days of significant downside.
Cryptocurrency trading volumes spiked in South Korea as its stock market fell by nearly 18% this week
Key points: – South Korean exchanges see a 600% uptick in crypto trading volume around the snap declines in the KOSPI. – Investors may be seeking to capitalize on volatility by buying stock-linked products overseas, per analysis. – Bitwise highlights Bitcoin’s surprising resilience to macro headwinds throughout July. KRW/USDT volumes spike in response to stock sell-off Data from largest South Korean exchange Upbit shows trading volume accelerating between the Korean won and Tether (USDT). It neared 200 billion won (140 million USDT) on July 29, up from just 20 million USDT on July 25 — an increase of 600%.
Korean won crypto trading-volume data.