Latest data from South Korea’s largest cryptocurrency exchange Upbit, altcoins in terms of trading volume in the last 24 hours bitcoin And from Ethereum proves to perform better.
According to the data, the top 10 most traded cryptocurrencies on Upbit were followed as follows:
- flow
- celo
- Bitcoin Cash
- bitcoin
- stacks
- XRP
- Blur
- eCash
- The Graph
- sui
These coins accounted for over 60% of the total trading volume of over $1.5 billion on the platform.
Flow topped the list with over $180 million in transaction volume, followed by Celo, a mobile-first platform for decentralized finance and payments, with around $150 million.
Bitcoin Cash ranked third with over $139 million in transaction volume. Bitcoin itself ranked fourth with over $97 million, while Ethereum didn’t even make it to the top 10.
Such a demand for Bitcoin Cash may be related to the institutional cryptocurrency exchange EDX Markets, which is expected to be launched in the US shortly. As it is known, EDX Markets has announced that it will allow trading of Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
The data shows that South Korean traders are diversifying their portfolios and discovering new opportunities in the crypto space beyond the two dominant coins.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!