The Amount of Cryptocurrency Trading In South Korea Has Surpassed That of Stock Trading
By Jamie G. - Crypto expert - 15-03-2021
The volume of crypto trading in South Korean markets has recently surpassed the amount of stock trading on the Korea Composite Stock Price Index (KOSPI). The price to buy and sellBitcoin (BTC) in fact greatly increased after hitting $61,000 this past Sunday.
The volume of South Korean crypto exchanges, which includes well known exchanges such as Korbit, Coinone, Upbit, and Bithumb, hit $14.6 billion in the previous 24 hours. Concurrently, the Korea Composite Stock Price Index had recently posted a 24-hour stock exchange with a volume of approximately $14.5 billion. As stated in a recent CoinMarketCap article, the volume increases actually coincided with the price to buy Bitcoin which also had a massive spike, the latest peak set a record All Time High (ATH) of $61,000.
Aside from the South Korean crypto exchange outperforming the Korean stock market, several other exchanges reported network updates. Bithumb, for example, has stated its plan to introduce new anti-money laundering (AML) legislation.
As a result, traders and customers should be certain that their assets are safe from fraudulent manipulation in the crypto community. This is a great step forward for the crypto trading community.
If you are looking to invest in cryptocurrency but you’re not sure where to start, head over to BC Bitcoin, the UK’s most trusted Bitcoin and popular crypto broker, and register account to start investing today.