All Major South Korean Presidential Candidates Support Bitcoin ETFs

South Korea prohibits the issuance and trading of Bitcoin ETFs and restricts institutional participation in cryptocurrency markets 100% of crypto trading volume in the country is driven by retail investors. The upcoming presidential election is scheduled for June 3, 2025 All three major South Korean presidential candidates – Kim Moon-soo (People Power Party), Lee Jae-myung (Democratic Party), and Lee Jun-seok (Reform Party) – have publicly expressed support for the approval of Bitcoin spot ETFs and the inclusion of institutional investors in the country’s cryptocurrency market. This is quite the turn of events considering that presently, South Korea prohibits the issuance and trading of Bitcoin ETFs and restricts institutional participation in cryptocurrency markets. As a result, 100% of crypto trading volume in the country is driven by retail investors. This strong retail presence has led to a distinctive market phenomenon in the country known as the ‘Kimchi Premium,’ where local Bitcoin prices often exceed global averages by a big margin. Regulatory Overhaul Looms After June 3 Presidential Election However, the unified stance among presidential can… The post All Major South Korean Presidential Candidates Support Bitcoin ETFs appeared first on Coin Edition .

Source: Coin Edition