On December 2, the daily trading volume of cryptocurrencies among retail traders in South Korea reached $18 billion, 22% more than the same indicator of the stock market of $14 billion. This was reported in a report by 10x Research.

The most popular for the day was $XRP from Ripple with a trading volume of $6.3 billion. In second place was Dogecoin$DOGE with $1.6 billion, in third place was Stellar$XLM with $1.3 billion.

According to the founder of the research firm, Markus Thielen, such dynamics are due to the excitement of retail crypto traders against the backdrop of market growth.

He noted that the correlation between the bitcoin funding rate of 15% and the trading volume of cryptocurrencies in South Korea has significantly decreased, which means that there will be an increase in activity in the altcoin market: