South Korean Crypto Traders Buck Global Trends, Favor Altcoins and Homegrown Tokens Over Bitcoin and Ethereum
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South Korean investors prefer altcoins and homegrown tokens over major cryptocurrencies like Bitcoin and Ethereum.
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South Korean exchanges saw trading volumes surge 37% from June to July 2022, bucking the global downtrend.
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South Korean traders accept the high risks associated with chasing profits from altcoins.
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On South Korea's largest exchange Upbit, trading volumes for Bitcoin and Ethereum are surprisingly low compared to the global market.
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South Korean traders favor Tron for transactions due to lower fees, unlike Ethereum globally.