South Korea retail crypto trading hits $18B
Retail trading volumes for crypto assets in South Korea surged to $18 billion in the last 24 hours, outperforming the country’s entire stock market by 22%, according to a new report from 10x Research, News.az reports citing FX Street.
In a Dec. 2 research report, 10x Research founder Markus Thielen said that retail crypto trading volumes had reached their second-highest level of the year on Dec. 2, with South Korean traders frenzying over a series of “high momentum” altcoins.
According to the report, Ripple’s XRP token (XRP $2.69) witnessed over $6.3 billion in volume on the day in South Korea. Dogecoin (DOGE $0.4258) came in second at $1.6 billion, followed by Stellar (XLM $0.5428) at $1.3 billion,…
