Over the weekend, South Korean Karaoke service SOMESING suffered a hack that stole hundreds of millions of SSX tokens. This hack has made crypto exchanges in South Korea alert users and take provisionary actions to minimize investors’ risks. Upbit Alerts Over Security Risks On January 29, a press release from the largest South Korean crypto exchange […]
Data shows Upbit, the largest Korean cryptocurrency exchange, has the altcoins contributing to 87% of the total trading volume. 87% Of The Trading Volume On Upbit Is Occupied By Altcoins In a new post on X, CryptoQuant founder and CEO Ki Young Ju has posted a comparison of the trading volumes between American and Korean […]
Bithumb, the second-largest cryptocurrency exchange in South Korea, is actively preparing for an initial public offering (IPO) on the KOSDAQ market, the country’s version of the NASDAQ in the United States, local news outlet Edaily reported on Nov. 12. Additionally, there is contemplation about a possible transition to the more prestigious KOSPI market. Bithumb’s strategic maneuvers […]
In South Korea, XRP, the native currency of the XRP Ledger (XRPL), is king, not Bitcoin (BTC). According to Kaiko’s research, trading is concentrated chiefly on XRP, which stays ahead of Bitcoin, Ethereum (ETH0, Solana (SOL), and other altcoins, including Dogecoin (DOGE) and Bitcoin Cash (BCH). This data is based on information drawn from Upbit, one […]