Altcoin Wind Blows on South Korean Stock Exchanges: Volumes at Record Levels!

The volumes of South Korea’s four largest cryptocurrency exchanges exceeded $4 billion, reaching their highest level of the year.

Cryptocurrency data provider Kaiko reported on April 11, Upbit, Bithumb, Korbit And of coinone total transaction volume for the first time since February 4 billion top dollar of the year to its high level reported that he had arrived.

In the report, the said increase is due to altcoins. in South Korea market shares in the cryptocurrency market from increasing to 95% said to originate. Market share of altcoins in South Korea January since 85% vs 68% between changed was recorded.

The data shows that in two years, altcoins have increased the cryptocurrency market in South Korea. dominate 80% highlighted that. Cryptocurrency markets outside of South Korea Bitcoin (BTC) And Ethereum (ETH) the total market share of the trade 40% with to 50% while dominating Korea market in this sense. sharper than other markets somehow decompose attention was drawn.

In the report, many of South Korea’s small market value And to shallow liquidity for altcoin primary market aspect seen revealed. Some of South Korea’s altcoins Binance’s trading volume increasingly back that you left while mentioning your country strict regulations price arbitrage to do you make it difficult underlined.

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