More Than Double the KOSPI and KOSDAQ Trading Value

The 24-hour trading value at the 14 domestic cryptocurrency exchanges that support Korean won-based trading more than doubled the combined  KOSPI and KOSDAQ trading value on May 20.

CoinMarketCap data showed that the 24-hour trading value at the 14 domestic cryptocurrency exchanges that support Korean won-based trading exceeded 47.7 trillion won at 15:30, May 20. For reference, the KOSPI and KOSDAQ trading value was 21.6 trillion won that day.

“Cryptocurrency prices plunged that day to cause a panic sell-off and a lot of investors made purchases at the same time to lead to a surge in trading volume,” said a market source.

The BTC price showed a slight rebound from less than 50 million won to over 51 million won in the afternoon of May 20. ETH moved around 3.4 million won and DOGE moved around 455 won.

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