![\"null](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/06\/news-p.v1.20260624.c2d635c640eb4ec8bbff3113035039c2_P1.jpg\"\/ "\\"BOK")
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The Bank of Korea has warned that strengthening linkages between the cryptocurrency market and the stock market warrant caution.<\/p>\n
In its “Financial Stability Report for the First Half of 2026,” released Tuesday, the BOK analyzed that “the global cryptocurrency market is exerting greater influence on traditional financial markets due to structural changes such as the diversification of investors.”<\/p>\n
Until now, cryptocurrency prices had been influenced by global liquidity flows and the Bitcoin halving (a four-year cycle). Recently, however, other price-moving factors have emerged, including the introduction of spot exchange-traded funds (ETFs) in the United States and the expansion of leverage in the futures market.<\/p>\n
The BOK analyzed that “during periods of heightened volatility, such as the COVID-19 pandemic in 2020 and the global interest rate hikes in 2022, the synchronization between cryptocurrencies and the stock market increased, and since the introduction of U.S. spot ETFs in 2024, it has remained at a higher level than in the past.” It added, “Furthermore, as Tether’s and Circle’s holdings of U.S. short-term Treasury bonds have grown, the issuance and redemption of stablecoins are affecting short-term interest rates.”<\/p>\n
It continued, “Since trading of cryptocurrency spot and futures ETFs is not yet permitted in Korea, the impact of cryptocurrency price fluctuations on the domestic financial market is currently not significant,” while explaining that “the relationship between Bitcoin and the KOSPI has been at a relatively high level recently.”<\/p>\n
According to the BOK’s analysis, if participation by institutions and corporations in the cryptocurrency market expands going forward, shocks from cryptocurrency price fluctuations could trigger portfolio adjustments, affecting supply and demand in the stock and foreign exchange markets.<\/p>\n
The BOK also noted that “if won-denominated stablecoins are legislated and their issuance volume increases, their impact on the short-term money market could grow, so the outstanding issuance balance, the composition of reserve assets, and redemptions must be systematically monitored.”<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Korea has warned that strengthening linkages between the cryptocurrency market and the stock market warrant…\n","protected":false},"author":2,"featured_media":63458,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[456],"tags":[845,530,846,35401,35256,335,35402,20744,11770],"class_list":["post-63457","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bank-of-korea","tag-bank-of-korea","tag-bitcoin","tag-bok","tag-cryptocurrency-market","tag-financial-stability-report","tag-kospi","tag-short-term-interest-rates","tag-spot-etf","tag-stablecoin"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/63457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=63457"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/63457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/63458"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=63457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=63457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=63457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}