Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Asian Crypto Traders Driving Force Behind Recent Crypto Trading Volume Spike

Altszn.com by Altszn.com
November 17, 2023
in Solana
0
Asian Crypto Traders Driving Force Behind Recent Crypto Trading Volume Spike
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


South Korean traders have significantly influenced the increase in digital asset market volume, Bloomberg reports.  

The market share of South Korean exchanges rose to 12.9% in November from 5.2% in January, with Upbit being a major contributor, according to digital asset data provider CCData.  

Driving the altcoin rally  

Apart from Bitcoin, the flagship cryptocurrency, smaller tokens like Solana and Avalanche have seen substantial gains. 

South Korean traders, who lack access to a futures market, have shown a particular interest in altcoins. This segment experiencing higher trading volumes compared to other investment assets, according to crypto analytics firm CryptoQuant. 

Solana (SOL), for instance, garnered a notable “Kimchi premium” in South Korea amid its recent rally. It indicates higher local prices and a surge in trading interest compared to the global average. 

A major crypto IPO?

In related news, Bithumb, a prominent cryptocurrency exchange in South Korea, plans to go public in the second half of 2025.

It aims to list on the Kosdaq, South Korea’s version of the Nasdaq. 

This move, which would be the first IPO by a Korean crypto exchange, is part of the company’ss strategy to chip away at the market share of Upbit, its main competitor.  



Read More: u.today

Tags: AsianCryptodrivingforceSolanaSpiketradersTradingVolume
ADVERTISEMENT

Recent

Singapore imposes June 30 deadline for crypto firms offering overseas services

Singapore imposes June 30 deadline for crypto firms offering overseas services

June 2, 2025
Yuga Labs sells Moonbirds NFT collection to Orange Cap Games

Yuga Labs sells Moonbirds NFT collection to Orange Cap Games

June 2, 2025
Meta to make AI-powered mixed-reality headsets for US military

Meta to make AI-powered mixed-reality headsets for US military

June 2, 2025

Categories

  • Bitcoin (4,501)
  • Blockchain (10,743)
  • Crypto (8,682)
  • Dark Web (438)
  • DeFi (8,083)
  • Ethereum (4,531)
  • Metaverse (6,761)
  • Monero (247)
  • NFT (1,071)
  • Solana (4,898)
  • Web3 (19,779)
  • Zcash (456)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Singapore imposes June 30 deadline for crypto firms offering overseas services

    Singapore imposes June 30 deadline for crypto firms offering overseas services

    June 2, 2025
    Yuga Labs sells Moonbirds NFT collection to Orange Cap Games

    Yuga Labs sells Moonbirds NFT collection to Orange Cap Games

    June 2, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 104,882.00
    • ethereumEthereum (ETH) $ 2,487.53
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.16
    • bnbBNB (BNB) $ 654.37
    • solanaSolana (SOL) $ 154.05
    • usd-coinUSDC (USDC) $ 0.999737
    • dogecoinDogecoin (DOGE) $ 0.190453
    • tronTRON (TRX) $ 0.270085
    • cardanoCardano (ADA) $ 0.668683
    • staked-etherLido Staked Ether (STETH) $ 2,487.46
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,027.00
    • suiSui (SUI) $ 3.28
    • hyperliquidHyperliquid (HYPE) $ 32.91
    • wrapped-stethWrapped stETH (WSTETH) $ 2,998.69
    • chainlinkChainlink (LINK) $ 13.74
    • avalanche-2Avalanche (AVAX) $ 20.53
    • stellarStellar (XLM) $ 0.264896
    • bitcoin-cashBitcoin Cash (BCH) $ 405.07
    • leo-tokenLEO Token (LEO) $ 8.45
    • the-open-networkToncoin (TON) $ 3.12
    • shiba-inuShiba Inu (SHIB) $ 0.000013
    • usdsUSDS (USDS) $ 0.999719
    • hedera-hashgraphHedera (HBAR) $ 0.169355
    • litecoinLitecoin (LTC) $ 88.67
    • wethWETH (WETH) $ 2,485.01
    • wrapped-eethWrapped eETH (WEETH) $ 2,653.51
    • moneroMonero (XMR) $ 344.07
    • polkadotPolkadot (DOT) $ 3.97
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999608
    • bitget-tokenBitget Token (BGB) $ 4.73
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • pepePepe (PEPE) $ 0.000012
    • pi-networkPi Network (PI) $ 0.637771
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,755.00
    • whitebitWhiteBIT Coin (WBT) $ 31.09
    • daiDai (DAI) $ 0.999812
    • uniswapUniswap (UNI) $ 6.12
    • aaveAave (AAVE) $ 240.53
    • bittensorBittensor (TAO) $ 411.88
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • crypto-com-chainCronos (CRO) $ 0.104187
    • okbOKB (OKB) $ 49.97
    • aptosAptos (APT) $ 4.72
    • nearNEAR Protocol (NEAR) $ 2.39
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 185.59
    • ondo-financeOndo (ONDO) $ 0.823493
    • internet-computerInternet Computer (ICP) $ 4.88
    • ethereum-classicEthereum Classic (ETC) $ 16.89
    • bitcoinBitcoin (BTC) $ 104,882.00
    • ethereumEthereum (ETH) $ 2,487.53
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.16
    • bnbBNB (BNB) $ 654.37
    • solanaSolana (SOL) $ 154.05
    • usd-coinUSDC (USDC) $ 0.999737
    • dogecoinDogecoin (DOGE) $ 0.190453
    • tronTRON (TRX) $ 0.270085
    • cardanoCardano (ADA) $ 0.668683
    • staked-etherLido Staked Ether (STETH) $ 2,487.46
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,027.00
    • suiSui (SUI) $ 3.28
    • hyperliquidHyperliquid (HYPE) $ 32.91
    • wrapped-stethWrapped stETH (WSTETH) $ 2,998.69
    • chainlinkChainlink (LINK) $ 13.74
    • avalanche-2Avalanche (AVAX) $ 20.53
    • stellarStellar (XLM) $ 0.264896
    • bitcoin-cashBitcoin Cash (BCH) $ 405.07
    • leo-tokenLEO Token (LEO) $ 8.45
    • the-open-networkToncoin (TON) $ 3.12
    • shiba-inuShiba Inu (SHIB) $ 0.000013
    • usdsUSDS (USDS) $ 0.999719
    • hedera-hashgraphHedera (HBAR) $ 0.169355
    • litecoinLitecoin (LTC) $ 88.67
    • wethWETH (WETH) $ 2,485.01
    • wrapped-eethWrapped eETH (WEETH) $ 2,653.51
    • moneroMonero (XMR) $ 344.07
    • polkadotPolkadot (DOT) $ 3.97
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999608
    • bitget-tokenBitget Token (BGB) $ 4.73
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • pepePepe (PEPE) $ 0.000012
    • pi-networkPi Network (PI) $ 0.637771
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,755.00
    • whitebitWhiteBIT Coin (WBT) $ 31.09
    • daiDai (DAI) $ 0.999812
    • uniswapUniswap (UNI) $ 6.12
    • aaveAave (AAVE) $ 240.53
    • bittensorBittensor (TAO) $ 411.88
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • crypto-com-chainCronos (CRO) $ 0.104187
    • okbOKB (OKB) $ 49.97
    • aptosAptos (APT) $ 4.72
    • nearNEAR Protocol (NEAR) $ 2.39
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 185.59
    • ondo-financeOndo (ONDO) $ 0.823493
    • internet-computerInternet Computer (ICP) $ 4.88
    • ethereum-classicEthereum Classic (ETC) $ 16.89