South Korea accounts for 30% of global crypto spot volume, says Binance exec

South Korea, which has only about 0.6% of the world's population, accounts for 30% of the global cryptocurrency spot trading volume, Financial News reported. Speaking at the Korea Exchange in Seoul today, Catherine Chen, Head of Institutional at Binance, said this indicates that demand in the South Korean crypto market is based on strong structural factors rather than a short-term trend. She added that as the market is brought into the regulatory fold, domestic institutional investors will need partners that meet high liquidity and strict compliance standards. Chen stated that Binance, through its dedicated team for Korea, will work closely with local financial institutions and related companies to support the market's stable growth.