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Bitcoin Reigns as Top Cryptocurrency in South Korea, XRP Surpasses Ethereum

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by A1

a day ago

A recent survey revealed that Bitcoin continues as the leading cryptocurrency for South Korean investors, with XRP surpassing Ethereum.

XRP Popularity in South Korea

The survey conducted using The POL blockchain voting service found XRP in second place among cryptocurrencies in South Korea, indicating a growing investment interest despite global legal challenges.

Analysts are surprised at the growing interest, given Ripple's ongoing legal challenges.CITE_NA

Increasing Crypto Trading Volumes

South Korea's largest exchanges, like UpBit, reported significant trading volumes of XRP, with UpBit alone accounting for $600 million in 24-hour trading.

Crypto Adoption Rises in South Korea

In November 2024, South Korea saw 610,000 new crypto users, reflecting a significant rise in digital asset interest, with about 30% of the population now involved.

South Korea continues to demonstrate significant interest in cryptocurrencies, with increased user numbers and popular coins like Bitcoin and XRP.

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