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<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>South Korean crypto exchanges saw a surge in registrations, with altcoins dominating over 80% of local trading volumes.</em></li>  
 <li><em>Due to regulatory delays in spot Bitcoin ETFs, South Korean investors are turning to foreign ETFs linked to Bitcoin and Ether.</em></li> 
</ul>  
<h5 class="wp-block-heading">According to <em><a href="https://www.bloomberg.com/news/newsletters/2024-12-03/cryptocurrency-trading-is-now-bigger-than-stocks-in-south-korea" rel="noopener noreferrer nofollow">Bloomberg</a></em>, despite periods of market turbulence, including the 2022 crypto winter, South Korea's enthusiasm for digital assets remains robust.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-Black-58.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-Black-58-1024x576.jpg" alt="South Korean Crypto Exchanges Surge With 80% Local Trading Volume" class="wp-image-295113"></a>
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<p class="has-background" style="background-color:#222222">Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://coincu.com/282672-kraken-lightning-network-is-now-suspended/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=288824&amp;action=edit" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/259100-tornado-cash-developer-sentenced-in-prison/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/288904-ripple-sec-lawsuit-intensifies-again/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294412-hyperliquid-airdrop-set-new-standard-crypto-2024/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/285715-spot-bitcoin-etfs-now-hold-5-bitcoin-supply/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294980-crypto-in-south-korea-set-launch-by-2025/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=294980&amp;action=edit" rel="noopener noreferrer nofollow">Crypto in South Korea Set for Corporate Account Launch by 2025</a></p>  
<h2 class="wp-block-heading" id="south-korean-crypto-exchanges-reach-new-heights">South Korean Crypto Exchanges Reach New Heights</h2>  
<p>Over 7 million population of kimchi land are registered on South Korean crypto exchanges. This widespread interest has roots in Bitcoin's meteoric rise, with a five-year rally exceeding 1,200%, greatly outpacing the 20% return of the Kospi index.</p>  
<p>Smaller, riskier altcoins have become the new game in town for investors who missed Bitcoin's early growth, dominating over 80% of local trading volumes. This is partly fueled by promotional strategies from South Korean crypto exchanges.</p>  
<p>Simon Kim, CEO of Korea-based crypto venture firm Hashed, also mentioned how <a href="https://coincu.com/160672-bithumb-review-should-know-to-trade/" target="_blank" rel="noopener noreferrer nofollow">Bithumb</a>'s zero-fee campaign increased its market share above 30% and gained massive interest from investors.</p>  
<p>Meanwhile, regulatory reluctance over spot Bitcoin ETFs in <a href="https://coincu.com/295032-breaking-korean-crypto-exchanges-overwhelmed/" target="_blank" rel="noopener noreferrer nofollow">South Korea</a> has pushed investors to overseas options. Data from the Korea Securities Depository shows highly leveraged ETFs tracking Bitcoin proxy <a href="https://coincu.com/294995-microstrategy-shareholders-9850-btc-profit/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> and Ether were among the top 10 most-bought foreign securities by Koreans last month.</p>  
<h2 class="wp-block-heading" id="economic-hardships-trigger-risky-investments-in-digital-assets">Economic Hardships Trigger Risky Investments in Digital Assets</h2>  
<p>Investment behaviour will largely be determined by economic uncertainty and a number of geopolitical considerations. South Korea also stands as possibly one of the most trade-dependent countries in the world. Therefore, not surprisingly, there is much to fear concerning the ongoing policies of former US President <a href="https://coincu.com/294040-donald-trump-administration-increase-cftc-power/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump</a>, from proposed tariffs on Chinese goods to increased defence cost-sharing demands on South Korea.</p>  
<p>Tension has also been fueled by the unexpected interest rate cut recently announced by the Bank of Korea, and Governor Rhee Chang-yong has expressed an apprehensive view about how changes in U.S. politics will even impact global trade.</p>  
<p>Under these conditions, South Korean investors are becoming increasingly inclined to take the plunge into the risky world of highly rewarding and high-risk investments in cryptocurrency as a cushion against prevailing economic uncertainties.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure>  <a href="https://coincu.com/?p=295111" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

South Korean Crypto Exchanges Surge With 80% Local Trading Volume

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