Korean investors are flocking to bitcoin as prices soar, driving up cryptocurrency-related stocks. Trade volume on Korea's five major crypto exchanges surpassed that of the Kospi.
An electronic signboard at a cryptocurrency exchange in southern Seoul shows that the price of bitcoin surpassed 100 million won ($76,000) during a trading session Monday.
The price of Bitcoin has recovered to above the $66,000 mark following a brief nosedive the previous day after hitting an all-time high of $69,000.
Bitcoin surged to an all-time high Monday, reaching a peak of 91 million won during the trading day.
An electronic signboard of a cryptocurrency exchange in western Seoul shows the price of bitcoin increased to 72.15 million won ($54,000) during a trading session on Monday.
Bitcoin soared above $50,000 on Monday, reaching its highest level in more than two years at one point.
An electronic display board at Bithumb office in eastern Seoul shows Bitcoin's price on Thursday.
If Korea is not to lag behind the new trend of the financial sector, the government must speed up optimizing the related systems to ensure the stability of our financial market.
Local crypto stocks rallied Thursday after the U.S. Securities and Exchange Commission (SEC) approved exchange-traded funds (ETFs) that track the price of bitcoin.
Korea JoongAng Daily Sitemap