According to the latest joint research by Coingecko and Tiger Research, South Korea's regulatory environment is reshaping the landscape of the crypto market. Due to regulatory restrictions, domestic exchanges can only offer spot trading services, leading many Korean investors to shift their assets overseas. Data shows that in just 2025, Korean investors will transfer over 160 trillion KRW (approximately $110 billion) of crypto assets from local platforms to overseas CEXs.



The scale of this transfer reflects investors' demand for trading flexibility. During the same period, these investors contributed trading fees of up to 4.77 trillion KRW (about $33.6 million) to overseas platforms, with most of this revenue flowing to a few leading international exchanges. This phenomenon not only indicates that regulatory differences are driving capital flows but also exposes the competitive gap in products and services between domestic CEXs and overseas platforms. The Korean market is becoming an important incremental source for international CEXs to compete for.
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GateUser-cff9c776vip
· 7h ago
One-size-fits-all regulation means that Korean investors have to spend $3.36 billion in fees to overseas exchanges. How ironic is that... Basically, the stricter the policies, the more intense the capital flow becomes, perfectly illustrating the "blocking is not as good as easing" philosophy in a bear market.
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WhaleSurfervip
· 7h ago
Regulatory crackdown leads to capital fleeing; isn't this a common practice? Korean investors paid $3.36 billion in fees to overseas exchanges. What does that say... local platforms just can't hold their ground.
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MainnetDelayedAgainvip
· 7h ago
16 trillion Korean won has been lost, and domestic exchanges are still hyping up spot trading. According to the database, the big show of cutting leeks has just begun.
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