CryptoQuant CEO Criticizes Korean Web3 Market Despite Global Trading Volume Dominance

IconCrypto News Terminal25 Apr, 2024

cryptonews.jpg

CryptoQuant CEO Criticizes Korean Web3 Market Despite Global Trading Volume Dominance

Joo Ki-young, CEO of CryptoQuant, recently shared his thoughts on the Korean Web3 market, expressing concerns despite the country's leading global position in cryptocurrency trading volume. In a post shared on social media, Joo Ki-young compared the situation in Korea to a scenario where "more foreign stocks are listed on the Korea Exchange, and Korean retail investors are leading the trading volume in the U.S. market." He believes that while Korea may have a high trading volume, the Web3 startup environment remains underdeveloped, hindered by a lack of understanding from regulators and conservative attitudes that stifle innovation. Previously on [date], Joo Ki-young had also criticized the Korean Web3 market, calling it "the worst" and highlighting the need for a more supportive environment for startups.

Related News