- The Financial Services Commission said that in the second half of last year, about $60bn (about ₩90tn) in virtual assets flowed out from Korea to overseas exchanges and personal wallets.
- Allium Labs said stablecoin balances at Korea’s five major exchanges fell by more than 50% from about $575m to $188m, and average daily trading value also dropped by more than 30%.
- Analyst Jung Min-kyo and CoinDesk said that if the outflow of Korean investor funds continues, it could affect the altcoin market and global liquidity.
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Liquidity in South Korea’s virtual asset (cryptocurrency) market is shrinking…
