Retail cryptocurrency trading in South Korea reaches a new peak, surpassing the country's stock market by $4 billion in just 24 hours. 🚀
- According to a report from 10x Research, retail cryptocurrency trading volume in South Korea surged to $18 billion on December 2, marking the second-highest level of the year.
- Ripple's XRP leads with over $6.3 billion, followed by DOGE with $1.6 billion and XLM with $1.3 billion. Other altcoins like ENS and HBAR also recorded significant trading volumes.
- Markus Thielen from 10x Research stated that this surge is mainly driven by retail traders, signaling that the altcoin season is approaching. 📈
- XRP has surpassed the $2.80 mark for the first time in nearly seven years, becoming the third-largest cryptocurrency by market capitalization.
- South Korea has significantly contributed to this growth with XRP/KRW trading volume on Upbit reaching $3.8 billion.
- Thielen also emphasized the global policy shift towards a more cryptocurrency-friendly approach, opening new opportunities for digital asset trading.