South Korea's Crypto Volume Crashes to 8% of KOSPI Levels!

South Korea's cryptocurrency trading activity has collapsed to roughly one-tenth of stock market levels, with combined volume across the country's five licensed exchanges — Upbit, Bithumb, Coinone, Korbit, and Gopax — representing just 8% of KOSPI trading volume in May 2025. The contrast with late 2024 is stark: in December, crypto volume surged to 323% of KOSPI levels, fuelled by the bull market that followed Donald Trump's US election victory.

The reversal reflects two simultaneous forces: a sharp decline in the digital asset market in October 2025, and the KOSPI hitting record highs over the same period. Capital that had rotated aggressively into crypto during the bull run appears to have shifted back toward equities as the risk-reward calculus changed.

Source: [韓 가상자산 거래, 코스피 10분의 1로 줄었다 — 디지털애셋 (Digital Asset)](https://www.digitalasset.works/news/articleView.html?idxno=41238)