PANews reported on December 10 that according to the Korea Herald, affected by the domestic political situation in South Korea, local investors flocked to alternative assets such as cryptocurrencies. As of 3:30 p.m. last Friday, the 24-hour trading volume of South Korea's top five crypto exchanges Upbit, Bithumb, Coinone, Korbit and Gopax was $14.59 billion. The amount is equivalent to 20.72 trillion won, almost twice Kospi's trading volume of 10.48 trillion won that day.
Earlier yesterday, 10x Research reported that the Bitcoin market momentum weakened and South Korea's trading volume fell from US$25 billion to US$6.7 billion.
