Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading

According to Yonhap, Korea Exchange (KRX), through its KRX’s Market Oversights Committee, announced that they would start to scrutinize both crypto-linked stocks and bio-related ones, such as healthcare and vaccine companies, in the wake of 56 warnings issued to some firms between November 30 and December 4, raising concerns on “unfair trading” maneuvers.

The listed companies’ volatility is given in the context of the latest Covid-19 vaccine developments and rising bitcoin (BTC) prices across the board, which has been waking the investors’ interest in the crypto-related firms whose portfolios are listed on the KRX.

The KRX has over 2,500 stocks with a market capitalization of over $1.5 billion, and although the headquarters are located in Busan, all the oversight operations are done from Seoul.