[Korea crypto market] STX’s Korean trading share is 26.9 times its overseas share

STX showed the strongest concentration of trading in Korea, with its domestic trading share 26.9 times its overseas share. ONDO led the interest index, while INJ recorded the largest trading surge.

ONDO’s share of Korean trading was 16.3 times its overseas share. STX had the widest domestic-to-overseas share ratio, followed by WLD, even as ONDO held the highest overall interest score.

As of November 6 at 14:01 UTC, ONDO ranked first with an interest score of 81, accounting for 1.78% of domestic trading.

DOGE ranked second with 80.6 points, followed by WLD with 78.8. Their domestic trading shares were 2.46% and 3.03%, respectively. Domestic trading turnover over 24 hours totaled 33.82 billion won for ONDO, 46.65 billion won for DOGE and 57.37 billion won for WLD.

The dataset covered 53 assets traded on both domestic and overseas exchanges.

STX accounted for 0.64% of domestic trading against 0.02% overseas, putting its domestic share at 26.9 times its overseas share. WLD followed at 18.7 times, ONDO at 16.3 times and XLM at 13.0 times.

Other assets had a larger trading share overseas. HYPE accounted for 0.83% of overseas trading but 0.01% domestically. BNB’s overseas and domestic shares were 0.71% and 0.03%, respectively, compared with 10.70% and 1.51% for USDC, and 0.18% and 0.05% for XAUT.

INJ recorded the largest increase in trading relative to its usual level, alongside a seven-day price gain of 13.9%. ICP and ETHFI also ranked among the largest trading surges. SKY recorded a decline in trading activity.

SHIB had the highest kimchi premium—the price premium in Korea over overseas markets—at 0.74%, followed by NEAR at 0.56% and POL at 0.46%. VVV traded at a 0.53% discount in Korea, while PEPE and ARB each had a negative premium of 0.41%.

[Editor’s note] This column examines Korean crypto trading through an interest index covering assets traded on both domestic and overseas exchanges. The index combines domestic and overseas trading shares, the kimchi premium and recent trading surges, centering on actual trading turnover. Domestic share measures an asset’s portion of domestic exchange trading; overseas share measures its portion of overseas trading. A higher domestic-to-overseas ratio indicates greater concentration in Korea.