The trading volume of cryptocurrencies in South Korea has surged, with DOGE and XRP surpassing Bitcoin in transaction amounts
ChainCatcher news, according to News.bitcoin, South Korea's largest cryptocurrency exchange Upbit has seen a trading volume increase of over 100% in the past seven days, rising from $5.4 million on November 21 to $11.9 million on November 25. Notably, the trading volumes of DOGE and XRP in the fourth quarter reached $58.2 billion and $38.6 billion, respectively, far exceeding Bitcoin's $30.1 billion.
Tiger Research's fourth quarter report shows that approximately 7.78 million South Koreans (15% of the total population) are active in cryptocurrency trading. According to a Samarin HR survey, 49.8% of South Korean employees aged 30-39 invest in cryptocurrencies, while the investment ratio for employees in their 20s is 37.1%.
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