The great interest in altcoins by South Korean investors continues.
Kaiko, the on-chain analytics company, is taking note of the South Korean cryptocurrency market. datas revealed. Binance Leadership in terms of trading volume in many global stock exchanges, especially Bitcoin (BTC) And Ethereum (ETH) That’s not the case in South Korea.
XRP/KRW The volume of the trading pair is equal to the total cryptocurrency market volume in South Korea. to 12% corresponds. Among other important altcoins traded in the South Korean market Dogecoin (DOGE), The Sandbox (SAND), Swipe (SXP) And Ethereum Classic (ETC) market share of each between 3-4% it varies.
On the other hand, the cryptocurrencies in question South Korean investor interest It’s not a new situation. Kaiko has shared similar research with the public in the past and XRP, Nano (XNO)has revealed that cryptocurrencies such as DOGE attract serious attention in South Korea.
XRP at the beginning of April Upbit The trading volume on Binance had reached a record level, surpassing Binance. Another South Korean-based cryptocurrency exchange bithumbin XRP, total trading volume 37%reached his. On the other hand, in the same time period, the total trading volume of the rival exchange Korbit 50%XRP was created.
