According to Odaily Planet Daily, 10x Research founder Markus Thielen said on LinkedIn that cryptocurrency trading volume in South Korea is sometimes higher than stock market trading volume. For example, in early March this year, cryptocurrency trading volume reached $16 billion, while Kospi's total trading volume was $8 billion. SHIB's trading volume was $3.5 billion, surpassing Samsung Electronics.
The analysis shows that Koreans are significantly more inclined to invest in cryptocurrencies. This is related to the high return potential of cryptocurrencies, the highly competitive labor market, and the high real estate market. In addition, many Koreans have grown up playing video games and making electronic payments, making them more receptive to cryptocurrencies.
