How Much Cryptocurrency Trading Happen In S Korea

Last Updated on June 27, 2023 by Paganoto

Bitcoin in Korea: A get-rich-quick opportunity or another bubble?

As Bitcoin and other cryptocurrencies have dominated the news across the world of late, this new craze is none more so evident than in South Korea, where huge amounts of Bitcoin are traded daily. On a single day in December last year, 21% of the world's Bitcoin buying and selling was carried out in Korean currency.

Daily cryptocurrency trading volume South Korea 2017-2021

As of April 30, 2021, the average daily trading volume of cryptocurrencies on South Korean crypto exchanges amounted to about 12.57 trillion …

First Mover Asia: Bitcoin Tests $25K Before Retreating

Here’s what’s happening: Prices: Bitcoin tested $25K before dropping in weekend trading; ether falls on Sunday. Insights: South Korea …

South Korea crypto exchanges will shut down en masse next …

Most of South Korea’s alt-coins—cryptocurrencies other than Bitcoin—will be lost via exchange closures, jeopardizing $2.5 billion of investor …

Many of South Korea's Small Crypto Exchanges Set to …

Korea’s four biggest exchanges, including Upbit and Bithumb, have all registered as legal trading platforms — and they account for about 97% …

South Korean crypto clampdown pushes many exchanges to …

South Korea has an outsized population for crypto trading, with daily turnover having topped $20bn at local exchanges, more than triple the …

Bitcoin is trading near $66,000 in South Korea as 'Kimchi …

Bitcoin is trading near $66,000 levels in South Korea as “Kimchi Premium” has returned.

South Korea and Crypto Regulations, Explained – Cointelegraph

According to a study, 80 percent of South Korean investors have profited from investments in cryptocurrency. Over one-third of salaried Koreans …

Behind South Korea's Cryptocurrency Boom

Overall, South Korea is believed to have about one million registered daily traders in virtual currency, which is equivalent to about one out of …

Why Is Cryptocurrency Trading Popular In South Korea?

South Korea is one of them. In March 2020, the South Korean National Assembly passed new legislation that paved the way for the regulation and legalization of …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.