Recently, the trading volume of the domestic virtual asset market has significantly decreased to a level around 1% of the stock market. This is due to a complex interplay of factors including the decline in Bitcoin prices, capital movement ('money move') to the domestic stock market, and the structure of the domestic market centered on altcoins. In particular, overseas exchanges are accelerating the outflow of domestic investors by offering various products such as futures and leveraged trading. Concerns are being raised about the weakening competitiveness of domestic virtual asset exchanges amid this trend.