Cryptocurrency Trading Volume Surpasses KOSPI in South Korea: 2023 Analysis

02 April, 2025, 06:30 AM

Last year, the daily average cryptocurrency trading volume in South Korea reached a staggering 11 trillion won, exceeding the trading volume of the KOSPI stock market. Data submitted by the Financial Supervisory Service reveals that the top 5 domestic virtual asset exchanges – Gopax, Bithumb, Upbit, Korbit, and Coinone – averaged 11.6369 trillion won daily. This represents a remarkable 99.84% increase compared to the 5.8229 trillion won recorded in 2022, demonstrating the growing interest in digital assets. In contrast, the Korea Exchange reported that the daily average trading volume of KOSPI last year was 10.7415 trillion won. This shift highlights the increasing influence and market activity surrounding cryptocurrency in the South Korean financial landscape. The surge in crypto trading suggests a growing adoption and acceptance of virtual assets amongst Korean investors. ```