Tiger Research reported that an analysis shows 73.1% of investors may leave domestic exchanges if cryptocurrency taxation is implemented starting next year. A recent survey of 2,423 domestic virtual asset investors revealed that 73.1% of all respondents said they "are likely to reduce their use of domestic virtual asset exchanges" after the tax implementation. Even among the 866 respondents who had only used domestic exchanges, 65.4% said they might use overseas exchanges or personal wallets once taxation begins. Based on the survey results, Tiger Research analyzed that the trading volume of the top three exchanges (Upbit, Bithumb, Coinone) is expected to record 601.9 trillion won next year, a 30% sharp decrease compared to this year's 859.8 trillion won.
