Korean market attracts attention: The recent increase in trading activity on Korean exchanges has placed the country and retail investors at the forefront of the cryptocurrency industry. This enhanced activity has helped make the Korean cryptocurrency market once again attract global attention.

Upbit leads in volume: Upbit, Korea’s largest cryptocurrency exchange, accounts for over 70% of the national trading volume. Trading volume increased by more than 100% in 7 days, from 5.4 million USD to 11.9 million USD. DOGE and XRP are the biggest contributing coins.

Impact of investments: According to reports, about 15% of Korea’s population is engaging with domestic exchanges. About 50% of workers aged 30 to 39 in Korea have invested in cryptocurrencies. The “Kimchi premium” also signifies the market’s fondness for crypto.

Predicting future trends: The increase in trading volume signals strong investor interest. This may aid in predicting the development of Bitcoin and provide useful insights into the characteristics of the Korean market, especially with XRP and DOGE.