According to statistics, the number of "currency people" in South Korea reaches 3.5 to 4 million. We must know that the total population of South Korea is about 50 million, which means that "currency" accounts for 8% of the total population of South Korea! In addition to a wide range of participation, the Korean currency circle has a distinct feature: the transaction volume of the abacus is very large (Altcoin refers to currencies other than Bitcoin, Ethereum, Litecoin, and other currencies, in a broad sense), so much so that a lot of Altcoins The number of transactions in South Korea ranks first in the world.
Why is Altcoin so popular in Korea?
First of all, Altcoin generally has a low price, so it has two advantages: First, the investment cost is relatively low, and second, the price is more likely to double or even double. For this reason, some Altcoins such as Cardano (ADA), Ron PaulCoin (RPC) and so on are fired up in Korea, and the daily transaction volume of these currencies in South Korea may even reach as much as 2 billion US dollars per day! In South Korea, the high volume of virtual currency transactions is “not new” and can be regarded as a normal response to the open and active financial market in Korea, coupled with a surge of public investment speculation.
Before the birth of cryptocurrency, Korea’s Kosdaq also had the largest volume of derivative products in the world, and the enthusiasm of South Korean people for investing was evident. In the past two years, the Korean stock market has been sluggish, so it is not surprising that individual investors have shifted their interest to virtual currency.
How does the exchange choose coins?
Zeniex is expected to go live this week. In addition to the mainstream currencies such as Bitcoin, Ethereum, and Litecoin, the Kyber Network, BTM, Bitcoin Fast (BCF) and other currencies are the most common currencies in the currency.
Perhaps this also reflects the heat of the current blockchain from the side.