According to Techub News, citing The Korea Times, South Korea's retail cryptocurrency transaction volume reached $69 billion in the first quarter, a 28% year-on-year decrease, exceeding the global average decline of 20%. The country still ranks second globally in the retail cryptocurrency market. Data shows that local investors are shifting funds to strong-performing semiconductor stocks, with the KOSPI index surging approximately 196% over the past year. Tech stocks like SK Hynix have seen single-day gains surpassing those of cryptocurrencies such as Bitcoin.
South Korea's Q1 crypto trading volume plummeted 28%, with funds flowing into semiconductor stocks.
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
