South Korean The 10 most preferred cryptocurrencies by investors have emerged recently.
According to research by On-Chain analytics firm Kaiko, Ripple (XRP) has been the most preferred altcoin by South Korean investors since the beginning of 2023. From the four major South Korean stock exchanges In this report covering the data received, the Ripple/South Korean Won trading pair is compared to other trading pairs. in terms of transaction volume clearly stood out.
in total 10 different altcoinsSouth Korea’s second most traded crypto asset Nano (XNO) while in third place Dogecoin (DOGE) took place.
Kaiko last week South Korea trading volumes of the stock markets since February times 4 billion In a report that cited that exceeding the dollar, in two years, altcoins have increased the cryptocurrency market in South Korea. dominate 80% he had pointed out.
South Korean stock markets, which make a difference to other stock markets in terms of altcoins, have been one of the most important factors in the rise of cryptocurrencies recently. In the periods when the report was shared, ApeCoin (APE) was against Bitcoin on Upbit, South Korea’s largest cryptocurrency exchange. 22x to do quite attention had taken.
On the other hand, in the first days of April, South Korea’s three largest cryptocurrency exchanges Upbit, bithumb And chorbiteTotal XRP trading volume in reached billions of dollars and this sudden increase brought wash trading claims.
