Despite Kospi's 8% Plunge, Investors Stay Away from Crypto... Upbit's Trading Volume Growth is Limited

Despite the KOSPI's 8.22% intraday drop triggering a circuit breaker, South Korea's largest cryptocurrency exchange Upbit saw only modest increases in trading volume. While some interest flowed into crypto markets after the stock market shock, analysts note it remains unclear if institutional investors are significantly shifting funds to cryptocurrencies. CryptoSlate reports Upbit's Bitcoin trading volume rose to 8,724 BTC on July 14, still 27% below its 30-day average of 12,014 BTC. The market also highlights elevated leverage levels, with average credit trading margin and stock collateral loans reaching 61.98 trillion won in the second quarter, the highest since statistical records began.