According to a joint report by Coingecko and Tiger Research, due to regulatory restrictions that limit domestic centralized exchanges (CEXs) to primarily spot trading, South Korean investors will transfer over 160 trillion won (approximately $110 billion) in crypto assets from domestic exchanges to overseas platforms by 2025. During the same period, South Korean investors will contribute approximately 4.77 trillion won (approximately $3.36 billion) in transaction fees to overseas CEXs, primarily flowing to platforms such as Binance, Bybit, OKX, Bitget, and Huobi, with Binance accounting for approximately 57.7%. 
