XRP, DOGE Are Top Traded Altcoins In South Korea
According to a recent Kaiko report, the distinctive market structure of Korean cryptocurrency markets distinguishes them from their counterparts around the world. While Bitcoin (BTC) and Ethereum (ETH) are the dominant assets in most regions, Korean traders have clearly shown a preference for altcoins.
Kaiko According to the data, XRP has emerged as the most heavily traded altcoin on Korean exchanges since the beginning of this year.
Trading pairs of XRP versus the Korean won (KRW) accounted for 12% of total trading volume. Dogecoin (DOGE), SAND, and Ethereum Classic (ETC) are among the other notable altcoins traded on the Korean market, with each holding a respectable 3-4% market share.
(With inputs from Shikha Singh)
You need to login in order to Like
