Posted 3/11/2024, 9:08:00 AM
Korean Retail Investors Flock to Crypto as Altcoin Trading Volumes Surpass National Stock Market
- Korea-based crypto exchanges saw record $9B trading volume on Sunday, exceeding the Korean stock market's $8.7B volume on Friday
- Koreans are turning to riskier alternative investments like crypto over major assets
- Altcoins are the preferred crypto investment over BTC or ETH
- Bitcoin is trading at a 10% premium on Korean exchanges compared to global exchanges ("kimchi premium")
- The high crypto trading volumes in Korea signify strong retail investor demand
