South Korea’s Trading Frenzy Takes the Lead
In South Korea, cryptocurrency trading volumes have seen a notable increase of 7.7% since early 2023, capturing 12.9% of the worldwide total. Leading this trend is Upbit, a dominant player in South Korea’s market.
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In South Korea, cryptocurrency trading volumes have seen a notable
increase of 7.7% since early 2023, capturing 12.9% of the worldwide
total. Leading this trend is Upbit, a dominant player in South Korea's
market.
Cryptocurrency trading volumes by country.
According to CryptoQuant analysts, retail investors' escalated interest
in cryptocurrencies, coupled with trading limitations on futures, has
encouraged traders to increase volume through leverage.
The
country's crypto enthusiasts are showing a strong preference for
altcoins, eyeing rapid profits despite the strategy's high risk.
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