Bitcoin trading volume on South Korea's top exchanges jumps 17x from June low
- —Daily volume on the five exchanges hit $327.4 million, up 44.7% from September 1
- —August volume reached 65.85 trillion won, up 52.55% from 43.17 trillion won in July
- —Exchange deposits climbed to 10.66 trillion won, up 104.32% from January last year
- —Bitcoin on Upbit rose from 90.55 million to 108.3 million won in August (+19.6%)
Why it matters: Returning retail investors and swelling deposits in South Korea are adding to bitcoin demand, with the pending Digital Asset Basic Act seen as the next key catalyst.
Source: Bloomingbit