Koreans Flee Crypto? 🤡 Gogol’s Tale!

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O, the Woes of the Korean Crypto Lords!

  • Behold! 160 trillion won, the very lifeblood of Korean exchanges, now flows like tears to foreign shores, where spot trading is but a humble servant to the grander schemes of derivatives and pre-market whims!
  • Behold the foreign platforms, those paragons of virtue, reaping 4.77 trillion won in fees-more than the combined sighs of Korea’s top domestic exchanges! Binance, that titan of chaos, claims 57.7% of the spoils, as if it were a game of chess with the devil!
  • Local regulations, those stubborn as a mule, forbid the joys of leveraged futures, leaving investors to weep in the corner of spot trading while the world dances on the edge of a sword!

Oh, the tragedy! South Korean investors, those valiant souls, fled to foreign lands in 2025, seeking the forbidden fruits of derivatives and hedging. A joint report by CoinGecko and Tiger Research, that most solemn of scribes, reveals the exodus of 160 trillion won-a flood that drowns the hopes of local exchanges!

Why? Because the Financial Services Commission, that stern guardian of order, has shackled domestic platforms to the narrow path of spot trading. Thus, over 10 million users, like weary travelers, sought refuge in the arms of Binance, Bybit, and their ilk, where the air is thick with leverage and the promise of riches!

– Tiger Research (@tiger_research) December 29, 2025 🐴

The Foreign Exchange, A Throne of Gold

This migration of funds, a tale of greed and despair, has seen foreign platforms amass 4.77 trillion won in fees. A sum so vast, it could buy a thousand cows and still leave room for a feast! Binance, that insatiable beast, devours 92.3 trillion won, while the domestic exchanges, those poor souls, weep in their corners, their revenues dwarfed by the foreign giants!

The Tyranny of Local Laws

O, the Korean crypto market, once a land of vibrant retail traders, now a shadow of its former self! Trading volumes in the won, once mighty, now falter like a drunkard’s steps. Yet the FSC, that guardian of order, clings to its strict rules, forbidding the joys of leveraged futures and complex derivatives!

Thus, the report laments, the regulations, though meant to protect, have created a world where Korean investors, like fools, chase tokens already sold out by the time they reach domestic markets. A tragedy of epic proportions!

The Gap in the Market, A Chasm of Opportunity

The report, that humble servant of truth, suggests that tightening nooses or blocking foreign sites will not suffice. For capital, like a restless spirit, flows into decentralized exchanges and personal wallets, 2.7 trillion won in the first half of 2025 alone! A sign, perhaps, that the people crave freedom!

If the regulatory environment remains as rigid as a stone, experts warn, the exodus will swell, for investors seek pre-market access and hedging tools. A flexible framework, they implore, is needed-one that protects yet allows the market to breathe!

The findings, those solemn truths, reveal a domestic industry, once proud, now a shadow. The 160 trillion won, a loss of liquidity and profit, now flows to overseas markets, where the dreams of Korean investors are traded like mere coins!

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2026-01-02 21:40