![South Korean Traders Behind Recent Altcoin Rally, CryptoQuant Says Loom trading volume by exchanges. (CryptoQuant)](https://btcusa.com/wp-content/uploads/2023/11/South-Korean-Traders-Behind-Recent-Altcoin-Rally-CryptoQuant-Says-678x381.jpg)
[ad_1]
Spot volumes on local exchange Upbit have nearly doubled since September, analysts at on-chain data firm CryptoQuant shared in a Friday note to CoinDesk. Upbit, which constitutes over 85% of the Korean trading volume, experienced an 82% growth in October compared to September, with trading volume rising from $32.8 billion to $59.8 billion.
[ad_2]
Source link