According to a recent joint report by CoinGecko and Tiger Research, South Korean investors will transfer more than 160 trillion won (approximately US$110 billion) in crypto assets from domestic exchanges to overseas platforms by 2025, according to Odaily Odaily.
The report indicates that capital outflows are primarily due to South Korea's stringent regulatory restrictions—domestic exchanges are only allowed to offer spot trading and are prohibited from providing derivatives services to retail investors, forcing them to turn to overseas platforms such as Binance and Bybit that offer leveraged derivatives. The further delay of South Korea's Digital Assets Basic Law (DABA) due to disagreements among regulators over stablecoin issuance has exacerbated the regulatory vacuum.
