Kaiko: South Korea Accounts for 30% of Global Cryptocurrency Trading Volume, Altcoins Represent 85%

BlockBeats News, April 15th, according to crypto data firm KaikoData, South Korea accounts for 30% of global crypto trading volume, with altcoins accounting for as much as 85%, while Bitcoin is only 9% and Ethereum 6%.

South Korean exchanges have an average weekly trading volume of $2.622 billion, dominated by altcoins, showing strong speculative characteristics. In contrast, Japan's crypto trading volume remains stable at $20-30 billion per month, much lower than Korea, but Bitcoin's 1% market depth is 3-5 times that of Korea, providing better liquidity.