Is South Korean Capital Fleeing Stocks for Crypto? Upbit Volume Says Maybe

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