- The PPP plans to allow crypto ETF trading by 2025.
- Bitcoin, Ethereum to be directly impacted.
- Market likely to see increased institutional access.
Park Soo-min has commented publicly, citing Hong Kong and the U.K.’s advancements in similar regulatory moves, stating:
His support underscores the party’s commitment to regulatory reform matching international trends, seeking to position South Korea as a pivotal player in the global crypto market.
Bitcoin and Ethereum to Gain Institutional Traction
Bitcoin (BTC) is trading at $95,304.94 with a market cap of formatNumber(1892543332622.95, 2) as of April 29, 2025. Data from CoinMarketCap shows a 24-hour trading volume of formatNumber(25208926711.27, 2), down 19.28%. BTC has noted a 15.66% rise over the past 30 days.
Coincu research highlights potential expansion in market liquidity and institutional engagement as key outcomes. Successful ETF implementations in other regions have historically deepened legitimate market participation and increased liquidity, which South Korea aims to replicate with these reforms. 99 Bitcoins HQ for all things Bitcoin
“Hong Kong and the U.K. have also approved spot ETF trading in succession. Korea has no time to delay.”
Market Impact and Future Prospects
Did you know? South Korea previously faced strict exchange-bank regulations, limiting market growth. Compared to U.S. markets, where recent ETF approvals spurred institutional inflows, Korea’s proposed changes could substantially increase market participants and volumes.
Bitcoin (BTC) is trading at $95,304.94 with a market cap of formatNumber(1892543332622.95, 2) as of April 29, 2025. Data from CoinMarketCap shows a 24-hour trading volume of formatNumber(25208926711.27, 2), down 19.28%. BTC has noted a 15.66% rise over the past 30 days.
His support underscores the party’s commitment to regulatory reform matching international trends, seeking to position South Korea as a pivotal player in the global crypto market.
Source: https://coincu.com/334899-south-korea-spot-crypto-etfs/