South Korea's virtual currency market value has increased 10 times in the past three years

According to data from the Korean virtual currency trading industry on March 16, the Upbit exchange's comprehensive market index (UBMI) was reported at 9742.62 points at 5:45 pm on the 15th, nearly 10 times the index (1000 points) since its listing on October 1, 2017. In other words, the total market value of virtual currencies listed on Korean exchanges has increased 10 times in the past three years and five months.

At the same time, the index broke through 10,000 points on the 13th of this month, reaching a high of 10,291.44 points. The index is calculated based on all virtual currencies listed on the Upbit Korean Won Trading Market, and its numerical indicators represent the market value changes and market trends of all virtual currencies. An official from the exchange said that according to the calculation method of UBMI, the total market value and price of the overall virtual currency also rose by the same amount.

Earlier on March 15, data showed that the daily trading volume of major cryptocurrency exchanges in South Korea exceeded the daily trading volume of the country's stock market.