Bitcoin Cash (BCH) soars in value thanks to surge in crypto trading volume in South Korea
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Bitcoin Cash (BCH) has seen a significant surge in value, crossing the $300 mark, fuelled by rising crypto trading volumes in South Korea. The BCH/KRW exchange pair listed on Upbit, one of South Korea’s largest digital asset exchanges, saw a trading volume of $557.63 million in the last 24 hours. This volume is nearly 3.5 times greater than the BTC/KRW pair on Upbit and 5.5 times greater than the BCH/USD volume on Coinbase, a Nasdaq-listed exchange. Bitcoin Cash surge marks major turning point for cryptocurrency The recent surge in the price of Bitcoin Cash marks a significant milestone for the
XRP/KRW led Upbit trading with $450.77M, 13.7% of global XRP volume in 24 hours. Upbit’s total daily volume hit $3.27B, marking a 210% rise from the prior period. New listings and top gainers drove strong activity across major and smaller-cap markets. South Korea’s largest cryptocurrency exchange, Upbit, reported large trading…
Upbit and Bithumb, South Korea’s two largest cryptocurrency exchanges, have seen a remarkable increase in trading volume over the past 24 hours. The concentration of trading volume in some altcoins, particularly those trading against the Korean Won (KRW), indicates a strengthening of short-term speculative activity in the markets. The data…