South Korean Won Overtakes USD as Currency of Choice for Cryptocurrency Trading in Q1
Golden Finance reported that as South Korea’s speculative demand for high-risk tokens surges, the South Korean won has now become the currency with the largest trading volume of crypto assets in the world. Data from research firm Kaiko shows that in the first quarter of 2024, South Korean won’s cumulative trading volume on centralized cryptocurrency exchanges was $456 billion, while U.S. dollar trading volume was $445 billion.
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