South Korea’s cryptocurrency market trading volume shrinks to 2% of the KOSPI’s, as investors shift substantial capital to the stock market.

According to South Korea’s Maeil Business Newspaper, Korean investors’ interest in crypto assets has rapidly waned amid persistently low crypto yields. On May 29, the combined 24-hour trading volume of South Korea’s five major crypto exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—stood at just KRW 2.71 trillion, while the KOSPI’s trading volume on the same day reached KRW 118.27 trillion—meaning the crypto market accounted for only 2.03% of the KOSPI’s total. This stands in stark contrast to one year earlier: on July 24, 2025, the crypto market’s trading volume hit KRW 16.92 trillion—surpassing the KOSPI’s KRW 15 trillion. Since then, the KOSPI’s trading volume has surged by 680%, while the crypto market’s volume has plunged by 84%, clearly indicating a massive capital shift toward equities.