Trading volume on major South Korean cryptocurrency exchanges has contracted to approximately 1% of the turnover recorded on the local stock market, according to industry data released Thursday.
The stark disparity underscores a significant cooling in digital asset enthusiasm among South Korean investors, who once drove some of the highest crypto trading volumes globally.
The benchmark index closed more than 2% lower on Wednesday, extending a broad-based retreat from risk assets that has gripped Asian markets.
The data suggests that capital is either retreating from speculative assets or rotating firmly into traditional equities, despite recent turbulence in the broader market.
This shift in liquidity preferences comes as the KOSPI index has faced sustained pressure.
The benchmark index closed more than 2% lower on Wednesday, extending a broad-based retreat from risk assets that has gripped Asian markets.
The sell-off was driven primarily by heavy losses in the technology sector, which has been a focal point for both domestic and foreign investors.