By 2025, over $110 billion in South Korean crypto assets will flow into overseas platforms.

According to a recent joint report by CoinGecko and Tiger Research, as reported by Foresight News , South Korean investors will transfer over 160 trillion won (approximately $110 billion) in crypto assets from domestic exchanges to overseas platforms by 2025. The report indicates that this capital outflow is primarily due to South Korea's strict regulatory restrictions—domestic exchanges can only offer spot trading and are prohibited from providing derivatives services to retail investors, forcing investors to turn to overseas platforms such as Binance and Bybit that offer leveraged derivatives. The further delay of South Korea's Digital Assets Basic Law (DABA) due to disagreements among regulators over stablecoin issuance has exacerbated the regulatory vacuum.