Spot

<ul class="wp-block-list">
 <li>The biggest exchange from South Korea, Upbit was responsible for the largest portion of today’s crypto spot trading volume having $27.25 billion worth of crypto.</li>
 <li>On December 3 at 23:00 KST, South Korean martial law came into effect, and the citizens of the country were not allowed to conduct protests and the media was also working under government control.&nbsp;</li>
 <li>This massive hike in trading activity led to the site disruption for many exchanges.&nbsp;</li>
</ul>
The data fromCoinMarketCap reveals that in the past 24 hours, the overall crypto spot trading volume from different South Korean crypto exchanges has attained a volume of $34.2 billion till 10:20 am EST on December 4.&nbsp; 
The trading volume of <a href="https://news.todayq.com/south-koreas-13-population-engage-in-crypto-trading-report/" target="_blank" rel="noopener noreferrer nofollow">South Korea</a> went up by about 50% after the trading volume of the country marked a new milestone after breaking its previous record reaching $18 billion on December 2. Along with this, the stock market volumes also went up by 22%.&nbsp;
This enormous increase is speculated to have been triggered by the disruption caused in the country that came after the execution of an emergency curfew through martial law by President Yoon Suk-yeol. However, this martial law was scrapped just after six hours.&nbsp; Spot trading volume listed by different exchanges&nbsp; 
The local media outlet of South Korea, News1 reported that the traders from the country were in a hurry to sell their cryptocurrencies on some local exchanges which led the prices to go as down as 88 million won. This massive hike in trading activity led to the site disruption for many exchanges.&nbsp;
The biggest exchange from South Korea, Upbit was responsible for the largest portion of today’s crypto spot trading volume having $27.25 billion worth of crypto. After Upbit, Bithumb held the place having a spot trading volume of over $6.14 billion in the last 24 hours.&nbsp;
At the same time, Coinone, another crypto exchange collected a trading volume of over $531 million in the last 24 hours. After this Korbit held the place with $192 million worth of crypto trading volume and Gopax stood with about $9 million.&nbsp; Effect of martial law 
On December 3 at 23:00 KST, South Korean martial law came into effect, and the citizens of the country were not allowed to conduct protests and the media was also working under government control.&nbsp;
The parliament as well as political groups of South Korea were not allowed to hold activities that would call the law into question. The President of South Korea imposed martial law as in his view it was a required precaution to safeguard the country from the communist forces of North Korea and to get rid of anti-state elements.&nbsp;
This bold step which is taken to fight the domestic pressure could also result in accusations of a crime to the President.&nbsp; A political disruption was noticed in South Korea was found soon after the martial law got scrapped. The citizens of South Korea also went to parliament to protest.
Politicians have called Yoon’s decision and called it illegal which led to this event. As per the prominent media outlet, BBC, footage from the site revealed some objectors fighting police at the gates. Even regulators had to climb over fences to make it to the voting chamber so that they could withdraw the martial law.&nbsp;

South Korean crypto trading volume records new high following martial law

Todayq News

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