South Korean crypto trading is shifting overseas as domestic exchanges see big drops in fiat deposits and trading activity, according to reports. While user numbers have risen, the money parked in won and the size of local markets have shrunk, signaling that more capital is finding its way to foreign platforms.

Capital Flight Accelerating

According to Fnnews , KRW deposits held on local exchanges fell by 42% to about ₩6.2 trillion compared with the end of last year. Daily average trading volume also slipped to ₩6.4 trillion, down 12% from the prior half-year.

Domestic crypto market capitalization was reported at roughly ₩95.1 trillion, a decline of 14% over the same period, while the global market cap fell by about 7%.

At the same time, outflows of crypto reached ₩101.6 trillion over

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