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Korean Won Overtakes US Dollar as Top Fiat for Crypto Trading

source-logo  coingape.com 16 April 2024 22:08, UTC

The South Korean Won (KRW) has overtaken the US Dollar (USD) in terms of trading volume against cryptocurrencies. A report by the financial analytics firm Kaiko revealed that in Q1 of 2024, transactions on centralized cryptocurrency exchanges involving the Won exceeded $456 billion. This narrowly edges out the trading volume of the US Dollar, which posted figures around $455 billion.

coingape.com