Daily trading volumes on South Korean exchanges have hit their highest point since August last year, with altcoins dominating the transactions, according to data from blockchain analytical firm Kaiko.

Trading activities on major South Korean platforms, including Upbit, Bithumb, Coinone, and Korbit, surged to an average of more than $4 billion towards the end of October and the beginning of November before dropping to more than $3 billion.

Data from CCData, as reported by Bloomberg, also corroborates these upward trading activities on South Korean exchanges. According to the report, crypto trading platforms in the Asian country saw their market shares rise to around 13% from the 5.2% recorded in January.

Around this period, the crypto market saw flagship digital assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) rally to new yearly highs driven by the marke

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Author: Oluwapelumi Adejumo

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