Topic: [2017-09-25] Korea’s Bitcoin Trading Volume Places Third in World, Outclassing T (Read 4326 times)
September 27, 2017, 02:42:03 AM
What is the business model of Korean exchanges? What is their commission? Chinese exchanges used to show huge volumes, because they had zero trading fee. That tends to inflate volumes.
September 26, 2017, 07:04:15 PM
It was to be expected. After limiting the circulation of crypto currency in China, it flows to the crypto-currency markets of neighboring countries, including South Korea. This indicates that China is unlikely to be able to really prohibit the crypto currency. Contrary to the aspirations of the Chinese government to limit the flow of money from the country, this process became even more uncontrollable and increased in volume.
September 25, 2017, 12:07:44 PM
It is a normal result after the Chinese latest resolution and its wrong decision toward exchanges...
The licensing system getting popular these days
Quote
As a result, the National Assembly is taking steps to devise measures to reduce possibilities of crime and security accidents and to protect investors such as the introduction of a virtual currency trading license system
The licensing system getting popular these days
September 25, 2017, 10:58:46 AM
It has been found that the Bitcoin trading volume of Korea stood third in the world. According to Bitcoin-specialized media CryptoCoinsNews and Coin Telegraph on September 24, the daily Bitcoin trading volume of Korea reached 15,408 Bitcoin (about 65.1 billion won or US$58 million) on September 21. The overall market share of the Korean won was 5.55%, weighing those of the Chinese yuan (4.97%) and the euro (4.77%). First and second place went to the Japanese yen (49.13%) and the US dollar (32.73%).
BusinessKorea
BusinessKorea
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