The South Korean Stock Market Plunges as Retail Investors Pour Money into Crypto, Daily Trading Volume on Upbit Surges by 436%

BlockBeats News, July 13th. Today, the South Korean stock market continued its downturn for nearly a week, triggering another circuit breaker with Samsung and Hynix leading the fall.

The continued decline in the stock market seems to have started to discourage South Korean retail investors, with a noticeable capital inflow into the crypto market. According to Coingecko data, the largest South Korean CEX, Upbit, had a 24-hour trading volume of $4.12 billion, a 436% increase.

The top 5 traded assets on this CEX are: Bitcoin, XRP, ETH, T, and BLAST.