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

In its market analysis, 10xResearch notes that the Korean exchange Upbit, which accounts for 80% of the local market, traded at $14 billion on both Saturday and Sunday, a 48% increase compared to its 7-day moving average, which typically includes higher weekday trading volumes. In comparison, all Korean stocks traded at $14 billion. This is different from the speculative boom observed in March, when the single-day retail trading volume in South Korea reached $16.20 billion, while the current market is experiencing several consecutive days of unusually high trading volume.