• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Upbit establishes Thailand presence as Bitkub faces technical hurdles

    Upbit establishes Thailand presence as Bitkub faces technical hurdles

    UBS economist discuss why cryptos can’t be “actual currencies”

    UBS economist discuss why cryptos can’t be “actual currencies”

    SEC adds 8 crypto companies to its warning list PAUSE

    SEC adds 8 crypto companies to its warning list PAUSE

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    Litecoin trend analysis LTCUSD uptrend under threat as $130 support breaks

    Litecoin trend analysis: LTC/USD uptrend under threat as $130 support breaks

    Bitcoin trend analysis BTCUSD drifts lower as Fort $30k prevents sharp fall

    Bitcoin trend analysis: BTC/USD drifts lower as Fort $30k prevents sharp fall

    Crypto

    Crypto may get a new lifeline under Joe Biden’s administration

    Ripple lawyer Ripple lawsuit Brad Garlinghouse XRP woes Metal Pay

    Ripple lawyer hopes for aid from Biden’s government

    Stellar price prediction XLM towards $0.5, analyst

    Stellar price prediction: XLM towards $0.5, analyst

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Upbit establishes Thailand presence as Bitkub faces technical hurdles

    Upbit establishes Thailand presence as Bitkub faces technical hurdles

    UBS economist discuss why cryptos can’t be “actual currencies”

    UBS economist discuss why cryptos can’t be “actual currencies”

    SEC adds 8 crypto companies to its warning list PAUSE

    SEC adds 8 crypto companies to its warning list PAUSE

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    Litecoin trend analysis LTCUSD uptrend under threat as $130 support breaks

    Litecoin trend analysis: LTC/USD uptrend under threat as $130 support breaks

    Bitcoin trend analysis BTCUSD drifts lower as Fort $30k prevents sharp fall

    Bitcoin trend analysis: BTC/USD drifts lower as Fort $30k prevents sharp fall

    Crypto

    Crypto may get a new lifeline under Joe Biden’s administration

    Ripple lawyer Ripple lawsuit Brad Garlinghouse XRP woes Metal Pay

    Ripple lawyer hopes for aid from Biden’s government

    Stellar price prediction XLM towards $0.5, analyst

    Stellar price prediction: XLM towards $0.5, analyst

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Altcoin News

South Korean crypto market records more trades in Altcoins

Ibiam Wayas by Ibiam Wayas
November 27, 2020
in Altcoin News
2 min read
DeFi market exceeds $16 billion, likely to surpass $17 billion before 2021
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL:DR Breakdown:

  • The South Korean crypto market had the most altcoin trading volume for the past five months.
  • Korean traders showed more interest in trading home-based coins.

The South Korean crypto market recorded a massive altcoin trading volume over the past five months, according to the market report on Friday by Xangle and Chainalysis. The data were curated from the four biggest digital currency exchanges in the country. Traders in the country were mostly trading cryptocurrencies from Korean projects. Overall, the cumulative value of trading volume on the exchanges from June to October reached $93 billion.

Altcoin trading dominated in the South Korean crypto market

Between the stated periods, the four biggest crypto exchanges gained a cumulative trading volume as follows: Coinone ($15.7 billion), Bithumb ($39 billion), Korbit ($630 million), and Upbit ($37 billion). According to the report, the Bitcoin trading volume only accounts for about 15.3 percent of the entire cumulative trading volume in the South Korean crypto market. For decentralized finance (DeFi) tokens, Xangle noted that such cryptos had poor listings on the exchanges.

They represented about 11.5 percent of the entire listing in Bithumb, Coinone, Upbit, and Korbit combined. As such, they accounted for a lower record at 5.96 percent of the $93 billion total cumulative trading volume. From these records, Xangle noted that altcoins were the most traded digital currencies in the South Korean crypto market, as Bitcoin and DeFi tokens contained less than 50 percent of the entire volume.

RelatedPosts

Stellar price prediction: XLM towards $0.5, analyst

Stellar Lumens price prediction: Price fails in crossing above $0.3200, what’s next for XLM?

Chainlink price reaches ATH

AC Milan to Launch ACM fan token with Chiliz

Korean altcoins

Per the report, there are more than 260 digital currencies available on the four exchanges for trading. Coinone exchange offers the highest number of coins (130) for trading, followed by Bithumb (116), Upbit (105), and Korbit (23). About 33 percent of these coins are the native cryptocurrency of the Korean crypto project, according to Xangle. The most-traded Korean coins include KLAY, TMTG, FLETA, EGG, and so on.

Tags: cryptocurrency tradingSouth Korea
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Stellar price prediction XLM towards $0.5, analyst
Altcoin News

Stellar price prediction: XLM towards $0.5, analyst

January 21, 2021
Stellar Lumens price
Altcoin News

Stellar Lumens price prediction: Price fails in crossing above $0.3200, what’s next for XLM?

January 19, 2021
LINK
Altcoin News

Chainlink price reaches ATH

January 18, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Upbit establishes Thailand presence as Bitkub faces technical hurdles

Upbit establishes Thailand presence as Bitkub faces technical hurdles

January 22, 2021
UBS economist discuss why cryptos can’t be “actual currencies”

UBS economist discuss why cryptos can’t be “actual currencies”

January 22, 2021
3 Great Places to Buy Bitcoin In 2021 1

3 Great Places to Buy Bitcoin In 2021

January 22, 2021
SEC adds 8 crypto companies to its warning list PAUSE

SEC adds 8 crypto companies to its warning list PAUSE

January 22, 2021
30 Japanese arrested over NEM token stolen from Coincheck in 2018

30 Japanese arrested over NEM token stolen from Coincheck in 2018

January 22, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.