Domestic crypto trading 1 years saw a 84% decline, while interest in Bitcoin was a fraction of Samsung Electronics’ 1/8
Domestic virtual-asset trading volume 1 years saw a 84% decline. Trading volume compared with the KOSPI was 50th of 1, while interest in Bitcoin was 8th of 1, according to estimates.
Domestic virtual-asset trading volume 1 years saw a 84% decline. Compared with KOSPI trading volume, it has now fallen to 50th of 1. Trading by individual investors remains sharply lower.
Institutional investors continued selling through ETFs. Institutional selling added to selling pressure in the market. This resulted in a further contraction in trading value.
Among major crypto assets, only Bitcoin fell in price. Losses among other major assets were limited. The market is showing a downward trend.
The investor interest survey found interest in Bitcoin at8of1that level. A shift in individual investors’ attention toward stocks has been observed. Trading has become concentrated in certain large-cap stocks.
The decline in trading affects exchange revenue and demand for related services. Lower liquidity has dampened trading activity. The relevant figures were confirmed by trading value and the investor interest survey.
The report said that the slump in the virtual asset market is becoming prolonged. Changes in market conditions are reflected in trading value and investor interest indicators. Additional figures are expected in disclosures and reports to be released in the future.
Sources: 매일경제 증권
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