Domestic virtual asset market, imbalance deepens…91.2% of total trading volume by 'big investors'

Uk Jin

Summary

It stated that in the domestic virtual asset market the top 10%% investors' transaction amount accounts for 91.2%% of the total.
It reported that for major virtual assets such as Bitcoin (BTC) and Ethereum (ETH) the top 10%%'s share of trading approaches 95%%.
As market vulnerability intensifies, it emphasized that strengthening institutional measures to protect retail investors and establish orderly trading is urgent.

An imbalance between small investors and whale investors (large investors who invest significant amounts of money) appears to be occurring in the domestic virtual asset (cryptocurrency) market.

According to the 'Survey on the status of the five major domestic virtual asset exchanges' submitted on the 8th by the Financial Supervisory Service to the office of Rep. Lee Heon-seung, the transaction amount of the top 10% investors was calculated at 6555 trillion won, equivalent to about 91.2% of the total transaction volume.

Narrowing the scope to major virtual assets such as Bitcoin (BTC), XRP (XRP), and Ethereum (ETH), the top 10%'s share of trading approached 95%.

By exchange, the top 10%'s share of trading reached 91.2% on Upbit, 96.0% on Bithumb, 98.3% on Coinone, 97.1% on Korbit, and 99.4% on Gopax.

Rep. Lee Heon-seung emphasized, "The virtual asset market is revealing a serious vulnerability in that it can be dominated by a small number of investors," and stressed, "Strengthening institutional measures to protect retail investors and establish orderly trading is urgent."

BTC

ETH

XRP