In the fast-paced realm of cryptocurrency trading, a new powerhouse has emerged, propelling the Korean won to the forefront of global transactions. Spearheading this surge is Upbit, South Korea's leading cryptocurrency exchange, which has captured over 80% of the Korean trading volume and is challenging giants like Coinbase on the global stage.
Upbit became the first exchange registered with the Financial Intelligence Unit in 2021. This was made possible as a result of its partnership with K-Bank, an online lender.
Asia cryptocurrency markets are seeing a strong revival once again as the South Korean crypto exchange Upbit now occupies a spot along the top five global exchanges. Recent market reports suggest that the Korean Won has displaced the USD as the most-used fiat currency for swapping in and out of BTC and other digital assets.
Upbit trading volume dominates South Korea's crypto market, comprising over 80%.
In the bustling world of cryptocurrency trading, a new champion has emerged: the Korean won. Surging past the US dollar in trading volume, the Korean won's ascent reflects the rapid evolution of the digital asset landscape.
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