CandleFocus Why South Korea’s Crypto Market Belongs to Altcoins
2024-12-06
Author: Content Editor
According to Cryptoquant CEO Ki Young Ju, South Korea is a region where altcoin trading dominates, with altcoins making up 93% of all cryptocurrency trades. Bitcoin only comprises 4% of trades, while other digital assets make up the remaining 3%. Data from Upbit and Coinbase supports this trend, with altcoins being more dominant in 2023 on Upbit, while Bitcoin led the trading volume on Coinbase. The dominance of altcoins on both exchanges suggests a global trend for altcoins and a potential altcoin season as the crypto market prepares for a bull run.
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