Bloomberg: In the recent Bitcoin rally, the influence of South Korean crypto traders has increased significantly

12/06 01:21

Wechat scan to share

On December 6th, in the recent rise of Bitcoin, Korean crypto traders seem to be gradually increasing their influence.

According to data compiled by crypto institution data platform CCData, in November, the Korean won surpassed the US dollar for the first time to become the largest fiat currency trading pair in the cryptocurrency market. CCData stated that this does not include the trading volume of stablecoins and some other trading pairs. Stablecoins are currently the largest trading pair for other cryptocurrencies.

Comments

All Comments

Recommended for you

Coindesk · 03/29 01:27

Michael Saylor’s $200 Trillion Bitcoin Strategy: U.S. BTC Domination and Immortality

Strategy Executive Chair Michael Saylor discusses a U.S. Bitcoin strategic reserve, why securities holders keep him sleepless, and his own economic immortality.
Joseph Hall · 03/29 01:23

FDIC Clears Path for Bank Crypto Activities Without Prior Approval

The Federal agency reverses policy that required banks to seek permission before offering cryptocurrency services—a significant shift in the U.S. regulatory landscape
CointimeSG · 03/28 06:07

Rethinking Ownership, Stablecoins, and Tokenization from First Principles

The current narrative is that tokenization will solve many financial problems, which may or may not be true.
CointimeSG · 03/28 06:05

The second wave of stablecoins is coming: 5 new common sense we need to know

Stablecoins are tokens whose prices are anchored to legal tender (basically the US dollar). Their essence is a set of standardized smart contracts. Stablecoins are not legal tender, let alone CBDC (central digital currency).
Paul Brody · 03/28 05:07

Bear markets are temporary — airdrops are forever

Despite bear markets, airdrops have quietly distributed $49 billion to Web3 communities over four years, creating lasting value through community-driven ecosystems.
BRAYDEN LINDREA · 03/28 05:04

Crypto.com probe by the SEC has officially closed, says CEO

The US securities regulator closed its probe into Crypto.com seven months after serving the crypto platform with a Wells notice in August.
Stephen Wolfram · 03/28 05:00

Darkweb actors claim to have over 100K of Gemini, Binance user info

Binance told Cointelegraph the data is not the result of a leak from the exchange but instead is a result of the hacker collecting data using malware on infected computers.
Krisztian Sandor · 03/28 03:35

Sei Foundation Explores Buying 23andMe to Put Genetic Data on Blockchain

If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.
Shaurya Malwa · 03/28 03:32

Studio Ghibli Craze Inspires Memecoins on Ethereum, Solana After OpenAI’s 4o Release

The internet is full of people converting images to AI-generated pictures in the characteristic style of some animated movies by Japan’s Studio Ghibli. Memecoin traders are looking to cash in on the trend.
cointelegraph · 03/28 00:11

SEC has officially closed its investigation into Crypto.com, CEO says

The US securities regulator closed its probe into Crypto.com seven months after serving the crypto platform with a Wells notice in August.