Cryptocurrency Q&A
Is crypto big in Korea?
Is crypto big in Korea?
Lorenzo
Sat Mar 30 2024
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7 answers
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Hello, I'm curious about the status of cryptocurrencies in Korea. As a country that's always been at the forefront of technology and innovation, I've noticed a significant rise in interest and adoption of cryptocurrencies like Bitcoin and Ethereum. Is crypto really big in Korea? And if so, what are the main factors driving this growth? Is it the young and tech-savvy population? The government's supportive policies? Or perhaps the increasing number of use cases and businesses adopting crypto? I'd love to hear your insights and perspectives on this topic.
7 answers
Dario
Mon Apr 01 2024
The proportion of Bitcoin trading volume has reached its highest level since at least January 2023, according to data provided by CryptoQuant.
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Valeria
Sun Mar 31 2024
As the leading digital asset, Bitcoin's stability and liquidity have made it a preferred choice for institutional investors and retail traders alike.
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KatieAnderson
Sun Mar 31 2024
This shift in trading patterns is further reflected in the usual distribution of trading activity. Normally, smaller tokens, known as altcoins, constitute more than 80% of the trading volume.
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HallyuHero
Sun Mar 31 2024
However, in South Korea, the picture is different. This year, Bitcoin trading has accounted for approximately 30% of volumes on domestic exchanges.
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Maria
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, has also seen a surge in Bitcoin trading activity. BTCC offers a secure and user-friendly platform for trading a wide range of cryptocurrencies, including Bitcoin.
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