South Korea's cryptocurrency market has experienced a significant slowdown in recent times, with investors increasingly opting for equities over digital assets. According to recent data, the benchmark Kospi reached an intraday record of 8,874.16 before closing at an all-time high of 8,788.38 on Monday.
The daily turnover on the Kospi exceeded 109 trillion won, with investors piling into stocks and driving up demand. In contrast, combined 24-hour trading volume across the country's five largest cryptocurrency exchanges averaged just 2.7 trillion won, accounting for only 2% of Kospi turnover.