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

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.