As Kospi soars, Korea's crypto market loses steam

Amid the benchmark Kospi's record-breaking rally, South Korea's cryptocurrency market has slowed, with trading volumes falling sharply as investors rotate into equities.

Retail investors have been shifting funds from cryptocurrencies into equities as the Kospi extends its rally, reaching an intraday record high above 8,800 as of press time on Monday.

Investor appetite for virtual assets, on the other hand, has been dampened by bitcoin's decline from last year's peak as geopolitical uncertainties ...