Korean crypto trading volume shrinks to 2% of KOSPI's

While the KOSPI index has surged recently, boosting stock market trading volume, activity in the South Korean crypto market has dwindled to just 2% of the stock index's level, Maeil Business Newspaper reported. On May 29, the KOSPI's daily trading volume reached 118.267 trillion won, whereas the combined 24-hour trading volume of the country's five largest digital asset exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—amounted to only 2.713 trillion won. This marks a sharp reversal from the market sentiment observed just a year ago.