Tiger Research
Research, GTM advisory, and investment firm
News Heat Trend
Project Overview
Tiger Research is a research, GTM advisory, and investment firm with a focus on the Asian Web 3 Market.
Event-related news
Related news
Daily trading volume of South Korea's top five crypto exchanges drops 89% year-on-year to $305 million
the trading activity of South Korea's five major Korean won-denominated crypto platforms—Upbit, Bithumb, Coinone, Korbit, and Gopax—has significantly contracted over the past year. Based on a comparable seven-day period in July, the average daily trading volume across the five platforms decreased from $2.82 billion to $305 million, a year-on-year decline of approximately 89%. Calculated using a simple, unweighted average of the declines across the five platforms, the average drop in trading volume was about 77%. Another statistic shows that on July 20, the daily trading volume of the five major exchanges fell by 88% year-on-year. Korbit raised approximately $1 million by selling 15 BTC and 60 ETH. The Korea Composite Stock Price Index (KOSPI) rose 114.44% over the 12 months ending July 22, even after retreating from its June highs. Tiger Research stated that the decline in crypto trading activity in South Korea not only reflects weaker prices but is also related to narrative repetition, partial project delivery failures, and retail investors shifting to stocks. (Cointelegraph)
Opinion: South Korea Has Yet to Truly Enter the Stablecoin Arena — The Question "Why Use It?" Must Be Answered First
According to Yoon Seung-sik, Head of Tiger Research, the Korean won stablecoin market currently lacks a real position. This is not due to a lack of potential, but because South Korea has yet to undergo sufficient market practice and discussion. Unlike the United States, which has experienced years of trial and error, regulation, and market evolution in the stablecoin space, related discussions in South Korea have only just begun. The country's financial infrastructure is already highly developed, and the real challenge lies in answering the question, "Why do consumers need to use a won stablecoin?"Yoon Seung-sik believes that the core keywords for the digital asset industry in the first half of this year are stablecoins, tokenization, and RWA. While AI Agents and DeFi hold long-term potential, they still have a considerable distance from large-scale implementation. In contrast, stablecoins and tokenization have accumulated a wealth of global practical cases, driving more institutions to accelerate their entry. It is expected that in the second half of the year, the digital asset market will continue to focus on regulatory progress, the actual implementation results of stablecoins and RWAs, as well as new narratives for the retail market. (Etoday)