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News Explorer — South Korean Won Has Surpasses U.S. Dollar as Most-used Currency for Crypto Trading

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Apr 17, 3:36 am
The Block

South Korean Won Has Surpasses U.S. Dollar as Most-used Currency for Crypto Trading

According to research firm Kaiko, the South Korean won surpassed the U.S. dollar as the most-used currency for trading crypto in Q1 2024. The cumulative trade volume in won on centralized exchanges reached $456 billion, while the dollar reported $445 billion. South Korea has one of the most active cryptocurrency markets, with five fully licensed exchanges dominating the local market.

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