In Q1 2024, Korean crypto markets witnessed their highest trade volume in over two years, with KRW overtaking USD in cumulative trade volume, Kaiko says.
Trade volume in Korean crypto markets soared to its highest level in over two years in early March, driven by an improved macroeconomic environment and heightened competition among local exchanges, according to data from blockchain analytics firm Kaiko.
Despite Upbit‘s longstanding dominance in the South Korean crypto scene, boasting an average market share of 82% over the past three years, the recent changes in the landscape appear to have brought more competition to the market,…
