Korean Crypto Exchanges Shrink Amid Stablecoin Expansion
South Korean crypto exchanges face declining trading volumes and deposits as dollar stablecoins dominate globally, while won-backed stablecoin legislation remains stalled, driving investors to overseas platforms.
CoinShares reports $414M outflow from digital asset market in last week of March, ending 5-week inflow streak. Bitcoin and Ethereum both saw outflows amid Iran conflict and US rate concerns.
Tether shows highest daily trading strength at 288.86% on Upbit exchange as of April 2, 2026, leading top 5 cryptocurrencies with strong buying momentum.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.