TechFlow reported, according to CoinDesk, that South Korean cryptocurrency exchanges recorded a record-breaking total trading volume of 11.8 trillion Korean won (KRW) on Sunday, equivalent to $9 billion based on the current USD/KRW exchange rate. Last week, trading volumes at local exchanges surpassed those of the domestic stock market.
This figure represents the combined trading volume across the five largest KRW markets in South Korea, including Upbit (8.8 trillion KRW), Bithumb (2.7 trillion KRW), Coinone (176.4 billion KRW), Gopax (55.2 billion KRW), and Korbit (32 billion KRW).
The top five cryptocurrency pairs traded on Upbit were Bitcoin (BTC), Space ID (ID), IQ Protocol’s IQ, 0x’s ZRX, and SHIB against the Korean won.
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