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S Korean Crypto Trading Has Eclipsed Stock Market Activity by USD 389 Billion
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South Korea’s crypto sector may have taken a battering at the hands of regulators of late, but the number of crypto investors in the nation has grown exponentially – to the point where the cumulative worth of transactions on the nation’s four biggest crypto exchanges has outstripped domestic stock market activity by just over USD 389bn this year.
Per Donga, new data from the Financial Services Commission (FSC) obtained by a parliamentary committee shows that South Korean crypto investment is on course to hit the USD 3.8trn mark before the year is out, and will surpass annual Korea Composite Stock Price Index (KOSPI) trading figures for the first time in history.
The KOSPI is an index of Korea Exchange (KRX)-listed companies.
While the FSC’s
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