South Korean crypto traders appear to be growing in influence during the recent rally that has seen Bitcoin surge more than 50% to the highest price level in almost two years.
In November, the won overtook the dollar as the largest fiat trading pair in crypto for the first time, according to data compiled by CCData. That excludes trading volume for stablecoins and some other trading pairs, the market data provider said. Stablecoins are by far the largest trading pair for other cryptocurrencies. CCData began tracking the data in 2021.