30% Of Global Crypto Trading is Coming from South Korea, Research Finds
BeInCrypto
Research from Kaiko indicates that South Korea accounts for 30% of global crypto spot volume, largely driven by retail interest in altcoins.Summary
According to research firm Kaiko, South Korean Won-denominated trades constitute 30% of global spot cryptocurrency volume, placing the nation second only to the US dollar market. This high-velocity, retail-driven activity is concentrated on exchanges like Upbit and Bithumb, with approximately 85% of trade volume flowing into assets other than Bitcoin. This surge in crypto trading coincides with a broader rally in Korean tech equities, fueled by high demand for memory chips from companies like Samsung and SK Hynix, which are essential for global AI infrastructure development.
(Source：BeInCrypto)