Trading activity on South Korea’s two biggest domestic crypto exchanges jumped sharply over the past 24 hours, according to data cited by @WuBlockchain from CoinGecko. Upbit, the country’s largest crypto exchange, recorded about $4.23 billion in trading volume during the period, up 550.3% from the previous day. Bithumb, South Korea’s second-largest exchange, posted roughly $785 million in volume, marking a 324.4% increase over the same comparison period.
The figures point to a clear pickup in activity across the South Korean crypto market. Because Upbit and Bithumb are the main local trading venues, changes in their trading volumes are often tracked as a gauge of sentiment among retail investors in the country. The update did not provide a breakdown by token or trading pair, but the scale of the move showed a broad rise in market participation within the latest 24-hour window.
South Korea’s two largest domestic crypto exchanges saw trading volume jump over the past 24 hours, according to CoinGecko data cited by @WuBlockchain. Upbit recorded about $4.23 billion in volume, up 550.3% from the previous day, while Bithumb posted roughly $785 million, an increase of 324.4%.
The data showed a marked increase in activity in South Korea’s crypto market. As the country’s main local trading platforms, Upbit and Bithumb are commonly watched as indicators of retail investor sentiment.
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