Analysis: South Korean retail investors are making substantial purchases of US-listed encryption stocks, with trading volume exceeding $12 billion this year.

PANews, August 31 – According to Korea Times, retail investors in South Korea are making large purchases of crypto-related stocks listed in the US, having bought over $12 billion worth of US crypto company stocks this year, including Bitmine, Circle, and Coinbase. This behavior is reshaping global capital flows, drawing the attention of Wall Street, while legislation on stablecoins in the US and South Korea provides a strong backdrop for this influx of capital. Data disclosed by 10x Research shows that in August alone, South Korean investors purchased $426 million of Bitmine, $226 million of Circle, and $183 million of Coinbase stocks. They also invested $282 million in a 2x Ethereum ETF.