A massive rise in South Korean exchange traffic since June

A South Korean token listing seems to have caused their user base to thrive by 10,000 people per month.

Share

Recently, a South Korean exchange introduced a new token which had a positive impact on the exchange's user base.

This rise could be just because of one token’s fame. After klaytn -Kakao’s token (KLAY) - was listed in June, a South Korean exchange, called Coinone, experienced a user base growth by 10,000 people per month.

This token belongs to Kakao and was listed after it. Kakao is a huge tech company in South Korea and owns the most famous chat app in South Korea. This app now supports Crypto transactions as a part of it, Kakaotalk, upon whose lunch, Kakao stated that the messenger’s new crypto wallet has got more than 100,000 users in less than 24 hours.

According to a report, Klay has increased in value more than threefold in three months which has caused an increase in other exchanges’ volume, too.

As reported in CoinMarketCap data, Coinone solely accounts for 10% of the whole local market in South Korea.

Categories

Crypto Currency(5)

News

An office for Federal use of blockchain tech coordination

Rep. Soto is after establishing an office to monitor all the blockchain-concerned activities within the Federal government that are unrelated to defense. ...

JAN 03, 2021

Rising dramatically in price, Bitcoin touched $31K and $100 million of shorts we liquidated

A large number of short risky positions were liquidated when Bitcoin rose to $30,950 ...

JAN 02, 2021

Arrested under a 25 million rupee Indian crypto scam allegation at the Delhi airport.

The fraud seem to have lured people into investing in a 2017 scheme with a 20% monthly profit. ...

JAN 02, 2021

To raise its $117M IPO, INX is using the token listings on the exchanges around the world

Having raised up to $10M out of the total $117M so far, INX hopes to will have raised it by the end of the year. ...

DEC 30, 2020

Tags

Cryptocurrency exchange

platform