They Are PUMPING Crypto!! CEX Addicts & Degens in Korea!
Published: 2024-02-25
Status:
Available
|
Analyzed
Published: 2024-02-25
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
South Korea played a significant role in Bitcoin's trading volume, temporarily surpassing the US dollar as the most traded currency against Bitcoin in November.
"last November the US dollar was dethroned as the world currency most traded for Bitcoin the culprit South Korea"
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The Korean Won's trading volume in crypto markets remains substantially higher than all other fiat currencies combined.
"the Korean one is still far ahead of all other Fiat currencies combined"
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Approximately 6 million South Koreans, or 12% of the population, were actively trading crypto in the past year.
"around 6 million Koreans were actively trading crypto last year that's a little shy of 12% of the population"
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South Korea ranked 27th globally in Chainalysis's index of crypto adoption.
"in chain analysis latest index of crypto adoption around the world Korea ranked just 27th"
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Upbit, South Korea's largest exchange, accounted for approximately 10% of the global spot traded volume in crypto.
"around 10% of the entire world's spot traded volume came from upbit Korea's largest centralized exchange"
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Institutional investors represented only 23% of South Korea's crypto trading volume, significantly lower than the global average of 45%.
"last year just 23% of Korea's crypto traded volume came from large institutions compared to the global average of 45%"
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John 'b Kim, a described crypto king, is allegedly in prison for price fixing, embezzlement, bribery, and fraud at Coinone, South Korea's third-largest exchange.
"that's probably because he's in prison for alleged price fixing embezzlement bribery and fraud at coin one Korea's third largest centralized exchange"
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Between 2001 and 2011, South Korea held the largest derivatives market globally, contributing over a quarter of the world's traded volume.
"from 2001 to 20111 Korea had the largest derivatives Market in the world and it used to account for more than quarter of the world's derivatives traded volume"
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Government regulations significantly reduced South Korea's derivatives market, causing it to fall from the top global position to outside the top 10.
"the government kneecapped the derivatives Market which fell from number one in the world to well outside the top 10"
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XRP, traded against the Korean Won (KRW), was the highest volume trading pair on Upbit for 70 days.
"xrp KRW dominates with 70 days in the top spot"
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XRP, paired with KRW, held the top trading volume spot on Upbit for 70 days.
"xrp KRW dominates with 70 days in the top spot"
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Bitcoin (BTC) paired with Korean Won (KRW) was the leading trading pair on Upbit for approximately 64 days.
"btc KRW was number one for around 64 days"
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'Kimchi Coins' are a category of cryptocurrencies traded exclusively within South Korea on local exchanges, with virtually no international recognition or listings.
"these are the so-called kimchi coins which are traded exclusively by Koreans on Korean exchanges and which have close to zero recognition or listings outside the country"
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South Korea is a global leader in gaming and the metaverse, possessing significant intellectual property in these content creation sectors.
"Korea is a world leader in gaming metais and other content Creation with a turn of valuable IP in these fields"
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Korean gaming students are developing their own Layer 1 blockchain ecosystems, drawing inspiration from projects like Axie Infinity.
"many Korean gaming students are building their own layer one ecosystems after learning from the experience of axi infinity"
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