South Korea's Cryptocurrency Trading Volume Surpasses Stock Market

According to PANews, a recent report by 10X Research reveals that South Korea's cryptocurrency retail trading volume reached $18 billion in the past 24 hours, marking the second-highest level this year. This figure surpasses the $14 billion trading volume of the local stock market. Leading the cryptocurrency trading volume is XRP, with $6.3 billion, followed by Dogecoin at $1.6 billion, XLM at $1.3 billion, ENS at $900 million, HBAR at $800 million, and Shiba Inu at $600 million. The report also highlights significant gains in the value of several cryptocurrencies over the past few weeks. Notably, Tezos has surged by 96%, while Enjin has increased by 91%. These developments indicate a growing interest and activity in the cryptocurrency market within South Korea, reflecting a broader trend of increasing digital asset engagement globally. The data underscores the dynamic nature of the cryptocurrency market, which continues to attract substantial trading volumes and investor attention.