Skip to main content

[Monitor] Korean cryptocurrency exchange tops world in trade volume

[Monitor] Korean cryptocurrency exchange tops world in trade volume: [Monitor] Korean cryptocurrency exchange tops world in trade volume. Among cryptocurrency exchanges around the world, the one with the largest volume of transactions is based in South Korea, showed data from tallying website CoinMarketCap. As of 10:40 a.m. Thursday, the transaction volume for 24 hours at Upbit based in South Korea reached $7.577 billion, far ahead of Hong Kong’s Binance, which ranked second. Except for the No. 1 and No. 3 spots, most exchanges with large transactions were located in Hong Kong and China. Although Upbit topped the world market in terms of trade volume, its size of bitcoin transactions fell to third place at $827.8 million, trailing Bitfinance at $1.482 billion and Okex at $935.1 million. This means that traders in Korea, as there are fewer coins in circulation, tend to invest more on altcoins or alternative coins (cryptocurrencies other than bitcoin) that have higher potential of sudden rises.

Comments

Post a Comment

Popular posts from this blog

Bitclub Advantage: What You Need To Know Before Joining

Hello there and welcome to my blogpost!  If you are reading through this post right now, it only means that you need more information about Bitclub Advantage . Perhaps, a friend or relative or someone spoke or wrote something about this business, and out of curiousity, or may be because you have fallen into the hands of scamers at one point or the other and have lost good money, and you are being careful to ensure that a repeat of such does not occur. You did well! I too fell victim of such scam until I came about a genuine investment opportunity. Before I continue, let me categorically state here that Bitclub Advantage is not a Ponzi scheme! It is pure investment.  Without blowing long grammer, let's go into the business of the day - Bitclub Advantage What is this all about? BitClub Advantage  is a company formed by a team of PROFESSIONAL TRADERS with EXPERTISE in one of the biggest financial markets of today, the CRYPTOCURRENCY. Our focus is to...
Post a Comment
Read more

215,000+ Sign Petition Against South Korean Cryptocurrency Regulation – Government to Respond

215,000+ Sign Petition Against South Korean Cryptocurrency Regulation – Government to Respond : A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on December 28. Meanwhile, another related petition calls for the removal of the governor of the country’s Financial Supervisory Service. Government Will Respond The South Korean government announced a series of regulatory measures for cryptocurrencies in December. Immediately following the announcement on December 28, a national petition entitled “Has the government ever dreamed a happy dream for the people?” was filed and will run through January 27. According to the rules set by the Blue House, if more than 200,000 people sign a petition within a month, the government will respond within 30 days. On Tuesday, January 16, the number...
Post a Comment
Read more

Guzan Intercity Ent. – Review

Hi guys. Today I will do an honest review of the group (or company) called Guzan Intercity Ent. www.guzanintercityent.com Let us start by knowing who the company is and what they do. Guzan Intercity Enterprises is a marketing company located in the heart of Lagos   –   5/7 Oduduwa Road, Liverpool Apapa, Lagos, Nigeria; serving as manufacturers' representatives, both local and international. They claim to be fully incorporated in Nigeria with the corporate affairs commission (CAC) since 2009. The vision as was depicted on their site (which was down as at the time of this report) was as follow: “Our motivation is our dream to enhance the life of an average salary earner in the civil service, by way of giving out commodities ranging from vehicle, building materials, general household electronics and sinking of borehole for interested but pensionable civil servants of various government ministries... Our services repayment plan, Payment After Service Delivery...
Post a Comment
Read more