On Thursday, according to industry data, the trading volume of South Korea's major cryptocurrency exchanges had shrunk to about 1% of the local stock market's volume. According to data from the cryptocurrency market observation platform CoinGecko, from July 1 to this Tuesday, the average daily trading volume of Korea's top five virtual asset exchanges was 597.8 billion won. This figure accounts for 1.59% of the average daily trading volume of the benchmark Kospi market, while the average daily trading volume of the Korean stock market during the above period was 37.6 trillion won. Since this year, the cryptocurrency market's share of the Kospi market has been declining, from 11.29% in January to around 6% in March and April to around 2% in May. Regarding the current situation, some market observers pointed out that one of the reasons for the recent decline in cryptocurrency trading volume is Bitcoin price fluctuations and concentrated capital flows to the stock market, which had just experienced a general rise in the semiconductor sector. Furthermore, due to South Korea's unique market structure, most cryptocurrency investments are concentrated in altcoins, which means that capital outflows are further accelerated.

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