South Korean won replaces dollar as preferred currency for cryptocurrency trading in Q1

With the surge in demand for high-risk tokens in South Korea, the Korean won has become the currency with the largest trading volume of cryptocurrencies in the world. Data from research company Kaiko shows that in the first quarter of 2024, the cumulative trading volume of the Korean won in centralized cryptocurrency exchanges was $456 billion, while the trading volume in US dollars was $445 billion.