The majority of traders in the South
Korean Ethereum market are speculative investors and tend to be largely influenced by any movement in the industry that could lead to a decline in Ethereum price.
Not exact matches
BTC / BCH swaps represent 38 percent of the
market, and this is followed by tether (USDT 26 %), USD (22 %), the South
Korean won (8.9 %), and
ethereum (ETH 2.1 %).
In the South
Korean market, EOS has gained popularity due to its relatively cheap tokens and
Ethereum - like ecosystem.
One similarity between all of the cryptocurrencies that have recorded massive gains over the past 24 hours including Bitcoin Cash, Qtum, and
Ethereum Classic is that they are all heavily concentrated in the South
Korean cryptocurrency exchange
market.
According to the
market tracker Coinhills, the
Korean Won is the third-most traded currency for bitcoin, and it regularly gives the US Dollar competition in related altcoins like
Ethereum.
Korean bitcoin exchange Korbit and Japan bitcoin exchange Coincheck announce the addition of
Ethereum to their trading
markets.
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The Samsung Group is a member of the Enterprise
Ethereum Alliance, as well as the
Korean Blockchain Association (KBA) which was established at the end of January with 66 member companies to self - regulate the cryptocurrency
market.