South Korean investors cut their crypto holdings by more than half over the past year as capital moved toward the stock market.
Summary
- South Korean crypto holdings dropped from $83.3 billion to $41.4 billion within a year.
- Trading volume on five major exchanges fell sharply as investors moved toward equities.
- New AML checks and a 2027 crypto tax may add pressure on local exchanges.
Bank of Korea data submitted to Rep. Cha Gyu-geun showed holdings fell from 121.8 trillion won, or $83.3 billion, at the end of January 2025 to 60.6 trillion won, or $41.4 billion, by the end of February 2026.
Daily trading volume also dropped across Upbit, Bithumb, Korbit, Coinone,…
