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Published 13 days ago

Korean Won Overtakes US Dollar as Top Fiat for Crypto Trading

Summary by Coingape
The South Korean Won (KRW) has overtaken the US Dollar (USD) in terms of trading volume against cryptocurrencies. A report by the financial analytics firm Kaiko revealed that in Q1 of 2024, transactions on centralized cryptocurrency exchanges involving the Won exceeded $456 billion. This narrowly edges out the trading volume of the US Dollar, which posted figures around $455 billion. This rise in trading volume has been attributed to a competiti…

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EconoTimesEconoTimes

South Korean Won Surpasses US Dollar in Crypto Trading Volume for Q1 2024

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

13 days ago
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CoingapeCoingape

Korean Won Overtakes US Dollar as Top Fiat for Crypto Trading

The South Korean Won (KRW) has overtaken the US Dollar (USD) in terms of trading volume against cryptocurrencies. A report by the financial analytics firm Kaiko revealed that in Q1 of 2024, transactions on centralized cryptocurrency exchanges involving the Won exceeded $456 billion. This narrowly edges out the trading volume of the US Dollar, which posted figures around $455 billion. This rise in trading volume has been attributed to a competiti…

13 days ago
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CryptopolitanCryptopolitan

South Korean Won surpasses USD in crypto trading volume

The South Korean Won (KRW) became the most traded fiat currency against cryptocurrencies worldwide during the first quarter of 2024. Zero-fee policies impact According to recent research by Kaiko, with a trading volume worth more than $456 billion, the Won was the dominant currency on centralized crypto exchanges, overshadowing the $455 billion in U.S. dollar volume.  📊Competition on Korean markets is heating up. In this week's Data Debrief, w…

13 days ago
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