Upbit’s reported 24-hour trading volume surged 1,437% today, as South Korea’s KOSPI index tumbled and equity markets across Asia weakened.

The activity spike coincided with a broad regional selloff. Trading turnover jumped even as major benchmark indices in Seoul, Hong Kong, Tokyo, and Taipei all trended lower.

Trading on Upbit Rockets 1,437% as KOSPI Sinks 4%

The turnover reflects heightened trading activity rather than a confirmed shift of capital out of equities. The dollar total reached $4.24 billion as of press time, according to CoinGecko data.

Upbit ranks as South Korea’s largest cryptocurrency exchange by volume. A surge of this size signals a jump in participation across the…