Analysis: Upbit’s trading volume in the past two days has reached US$14 billion, which is equivalent to the overall trading volume of Korean stocks
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2024-11-25 10:32:01 8,296
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Golden Finance reported that 10x Research pointed out in its market analysis that South Korean exchange Upbit occupies 80% of the local market share, with trading volume of US$14 billion on both Saturday and Sunday, an increase compared to its 7-day moving average. 48%, while the 7-day moving average typically includes higher weekday trading volume. By comparison, trading volume for all South Korean stocks was $14 billion.
Unlike the speculative boom observed in March, when single-day retail trading volume in South Korea reached $16.2 billion, the current market is experiencing consecutive days of unusually high trading volumes.