Investment & Economy

The average daily trading volume of South Korea’s major cryptocurrency exchanges exceeds that of the stock market From CoinMarketCap

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On Sunday, trading volume in South Korea’s digital money market once exceeded the daily average trading volume of the country’s stock market. South Korea’s main cryptocurrency exchanges, upbit, bithum, coinone and korbit, had 24-hour trading volumes of more than $14.6 billion on Sunday, according to coinmarketcap. On Friday, the Kospi was about $14.5 billion, and the KOSDAQ was about $10 billion.

In addition, the price of bitcoin rose to an all-time high of more than $61000 on Saturday and then fell below $60000 again. Up to the time of publication, it has returned to 60000, hovering around 60000.

However, some cryptocurrency exchanges in South Korea experienced regulatory and business-related challenges last year. Last August, local authorities seized coinbit, the country’s third-largest cryptocurrency exchange, after accusations that 99% of its trading volume was falsified by laundering transactions. In addition, at the end of last year, the South Korean branch of coin an, the main cryptocurrency exchange, said it would stop operation in January this year because of the shrinking liquidity and low trading volume of bkrw trading pairs.

From Coinmarketcap: in December 2017, the global cryptocurrency market value exceeded US $600 billion coinmarketcap: in November 2017, the global cryptocurrency total scale exceeded US $300 billion coinmarketcap: the total cryptocurrency market value exceeded US $500 billion for the first time To US $200 billion coinmarketcap: at the beginning of 2018, the market value of global digital cryptocurrency evaporated by US $557.1 billion in one month Hyperethereum becomes the second largest cryptocurrency coinmarketcap: in November 2017, the market value of global digital currency exceeded $200 billion YouGov: 3 / 4 of American adults have heard of bitcoin Viber: survey shows that less than 3% of people will use Facebook Libra cryptocurrency webcelebs: the most influential top in the cryptocurrency industry in 2019 15 coinschedule: UAE’s digital currency sales reached US $210 million from January to April in 2019 bitwise: 86% of cryptocurrency transactions may be counterfeit Symantec: global “cryptohijacking” incident rose 8500% in Q4 in 2017 Delphi Digital: cryptocurrency bear market may have come to an end and is expected to rebound

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