Analysis: Upbit's trading volume has reached 14 billion dollars in the past two days, equivalent to the overall trading volume of Korean stocks

ChainCatcher news, 10x Research pointed out in its market analysis that the Korean exchange Upbit occupies 80% of the local market share, with trading volumes of $14 billion on both Saturday and Sunday last week, a 48% increase compared to its 7-day moving average, which typically includes higher trading volumes on weekdays. In contrast, the trading volume of all Korean stocks was $14 billion.

This is different from the speculative frenzy observed in March, when the daily retail trading volume in Korea reached $16.2 billion, while the current market is experiencing several consecutive days of abnormally high trading volumes.