- Nextrade is expanding its challenge to the Korea Exchange by developing K-pop copyright tokens and advanced market features to differentiate its platform.
- The exchange’s strong early momentum stems from longer trading hours, rising retail participation, and rapid growth in daily turnover.
- Regulatory limits on trading volume and temporary stock suspensions remain key constraints as CEO Kim Haksoo pushes for reforms and new product expansion.
Nextrade is stepping up its challenge to South Korea’s flagship stock exchange by combining cultural-sector tokenisation with advanced market infrastructure features intended to broaden its user base. The platform, which cut into the Korea Exchange’s 70-year monopoly earlier this year by offering a significantly longer trading window, is now preparing additional products to sustain its early surge in demand.
According to chief executive Kim Haksoo, Nextrade is studying the introduction of over-the-counter instruments as part of a plan to distinguish itself from its national competitor. The company also intends to deliver leveraged and inverse ETFs, alongside improved order mechanisms and institutional order types that conceal trade intent in a manner similar to dark-pool systems. Kim said the platform must focus on quality and on providing tools unavailable at the Korea Exchange to maintain its momentum.
A key initiative within this innovation agenda is a push into security tokens that provide access to fractional K-pop music licences. Nextrade has partnered with Musicow Inc. to pursue regulatory approval for copyright-based investment platforms.
The intellectual property behind Korean cultural content could open up new opportunities for product development in this space.
Kim Haksoo, CEO, NextradeRelated: Three Years Strong: US$35.4 Billion in Verified Reserves and a 75% Yearly Surge
Trading Activity Surges
The exchange’s rise has been rapid. Retail traders have gravitated toward its 12-hour schedule, which begins earlier and ends much later than the Korea Exchange’s 6.5-hour session. Average daily turnover reached ₩7.5 trillion (AU$7.9 billion) in September and climbed to ₩13.3 trillion (AU$14.1 billion) the following month. Lower fees of up to 40% below those of the Korea Exchange have further strengthened retail participation.
However, Nextrade is restricted by a regulation limiting alternative trading systems to 15% of the Korea Exchange’s trading volume, forcing it to temporarily halt trading in certain stocks to stay under the cap. Kim, who has just begun a second term as CEO, is pushing for adjustments to the framework while focusing on long-term product expansion as competition intensifies.
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