Research shows that South Korean crypto traders are more drawn to high-risk, high-reward altcoins than their American counterparts. Discover how this preference influences the trading landscape in both countries.
A recent study highlights the divergent preferences of South Korean and American crypto traders. South Koreans display a stronger inclination for high-risk, high-reward altcoins, as evidenced by the trading volumes on major exchanges.
Upbit, South Korea’s largest crypto trading platform, attracts individual investors who seek altcoins with high-profit potential despite associated risks. This approach contributes to a significant portion of altcoin trading in the Korean market. Upbit dominated with a record-breaking $36 billion trading volume in February, followed by Bithumb, Coinone, and Korbit.
In contrast, Coinbase, the leading U.S. cryptocurrency exchange, sees a more significant presence of institutional investors who prioritize portfolio stability. Bitcoin (BTC) and Ethereum (ETH) hold a more substantial share in their trading activity.
Notably, among the most actively traded altcoins in South Korea, loom network (LOOM), ecash (XEC), flow (FLOW), stacks (STX), and bitcoin SV (BSV) maintain consistent attention, with LOOM taking the top spot in trading volume. This unique trading pattern distinguishes South Korea’s crypto market from global trends.