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)

Latest News

Visa partners will be able to settle fiat transactions with crypto

USDC can be exchanged over the payment network to pay for the transactions made in fiat by Visa partners. ...

MAR 29, 2021

Clean energy Bitcoin mining pool with Argo Blockchain

Argo has teamed up with DMG blockchain and a new Bitcoin mining pool will be up and running which is powered by hydroelectric energy. ...

MAR 26, 2021

layer-two scaling is the solution offered by Double jump.tokyo for NFTs

Gods Unchained will have its alpha release launched this month which will be available to double jump.tokyo (DJT) and multiple other developers. ...

MAR 25, 2021

Vitalik Butrin criticizes how NFT is being used to makes celebrities richer

Mr. Butrin is of the idea that helping people like Elon Musk to make a profit through NFT (Non-fungible tokens) market is not using it in a proper way, yet he t ...

MAR 24, 2021

Tags

Cryptocurrency exchange

platform

Tags

Cryptocurrency exchange

platform