2024

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Bradley Park thinks the spike in BTC volume traded on South Korean crypto exchanges is not sustainable.</strong></li> 
 <li><strong>Bitcoin trading accounted for about 30% of volumes traded on domestic South Korean exchanges this year.</strong></li> 
 <li><strong>The surge in Bitcoin trading volume in South Korea coincides with Bithumb’s “no-fee” promotion.</strong></li> 
</ul> 
<p>The recent spike in Bitcoin volume traded on South Korean <a href="https://coinedition.com/what-is-a-cryptocurrency-exchange-how-does-it-work/">crypto exchanges</a> is not sustainable, according to Bradley Park, an analyst at CrypoQuant. Park’s opinion stems from the fundamental reasons behind the observed change in the <a href="https://coinedition.com/beginners-guide-to-crypto-trading/">investment attitude of crypto traders</a> in the Asian country.</p> 
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   <p lang="en" dir="ltr">“Aside from the noise of Bitcoin volume on Bithumb, Korean trading habits probably won’t change much,” said Bradley Park, an analyst at CryptoQuant. <a href="https://t.co/WSgjyKGgs6" target="_blank" rel="nofollow">https://t.co/WSgjyKGgs6</a> via <a href="https://twitter.com/business?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@business</a> <a href="https://twitter.com/crypto?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@crypto</a> <a href="https://t.co/3wtXvMYG91" target="_blank" rel="nofollow">pic.twitter.com/3wtXvMYG91</a></p>— Sidhartha Shukla (@s1dc01n.bsky.social) (@sidcoins) <a href="https://twitter.com/sidcoins/status/1760918193831567733?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 23, 2024</a>
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<p>According to CryptoQuant data, <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener">Bitcoin</a> trading accounted for about 30% of volumes traded on domestic South Korean exchanges this year. That is a departure from the historical trading pattern among crypto traders in the region. For instance, the highest ratio of Bitcoin…</p>
<p>The post <a href="https://coinedition.com/bithumbs-no-fee-promotion-responsible-for-btc-volume-spike-in-south-korea-analyst/">Bithumb’s “No-Fee” Promotion Responsible For BTC Volume Spike in South Korea: Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bithumb’s “No-Fee” Promotion Responsible For BTC Volume Spike in South Korea: Analyst

Coin Edition

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