Crypto trading in South Korea turns into e-sport: Here’s how

SEOUL: As digital currency continues to reshape business concept and trade globally, South Korea has taken the passion to a completely newer peak, turning crypto business into a live e-sport packed with passion, logic, and strategy.

Fans of the digital metal here are now merging their passion for virtual finance, that happening now through the metal, with the same energy seen in virtual gaming. Imagine a hall covered with crypto dealers, flashing giant charts, chanting crowds, and voices shouting, “Bitcoin up two percent in the last 30 seconds!” As the market shift in red and green colours, a brewing excitement builds like a final quarter in a gaming tournament.

Interestingly, at forums like Korea Blockchain Week’s Perp-DEX Day, top-level dealers even compete in most “perpetual futures clashes,” competing for doubling their real world earnings. What was once a quiet, individual pursuit has transformed into a social spectacle, completely preceded by commentators, prize money, and roaring viewers.

For Korea’s tech-driven youth raised on StarCraft and streaming culture, the line between gaming, gambling, and investing has now been blurred, while experts who have a sharp brilliance in virtual financing warn that trading in the field still carries with it a big risk, as the same trended business field is partly  skill and partly luck.

For many still it’s about far more than profits that eventually enable individuals to see a different side of the business. In short, it is a game of adrenaline, challenge, and a sense of belonging, critics believe.

View this post on Instagram

A post shared by Wealthypot (@wealthypot)

Hence, finance, which was once limited to spreadsheets and trading screens, has now found its stage lights while in Seoul, it now even plays out like a digital sport.

Can Crypto be game-changing?

Additionally, Bilal Bin Saqib the CEO of Pakistan Digital Cryptocurrency Council who is representing Pakistan as fourth top bitcoin trading country in the world also spoke about the trading field in his interview with HUM News.

Referring to the role of youth in the field, he said economies worldwide are exploring crypto-based models — and Pakistan may not be far behind. the nation’s youth can play a vital role in building a secure and modern financial system through blockchain technology.

“The idea of digital currency — often called digital gold — removes the need for third parties in online business or value exchange. It’s time for Pakistan’s youth to use it effectively for their financial future,” Bilal said in an interview with HUM News on Thursday.

In this respect, meanwhile, Pakistan formally established the Pakistan Crypto Council to develop a regulatory and operational framework for cryptocurrency in the country, the National Assembly was informed on Friday (Oct-11). The move comes under the directives of Prime Minister Shehbaz Sharif. 

Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry told lawmakers that the council’s purpose is not to promote or discourage cryptocurrency, but to ensure its integration into a structured legal system to maintain transparency and prevent potential misuse.