Bitcoin Cash Trading Volumes 20 Percent More Than Bitcoin

inversor (40)in #steem • 7 years ago

South Korea is the one country which is driving increased trading volumes of BCH. Bithumb, Coinone and Korbit account for $1.7 bln out of the $3.1 bln (55 percent of total volume) BCH trading volumes.

The increase in the USD price of BCH (From $300 a week back to over $800 currently) has also resulted in the USD value of BCH trades going up.

Unlike other countries where Bitcoin Cash is traded primarily against Bitcoin, in Korea BCH is primarily traded against the Korean Won.

South Korean exchanges were amongst the earliest to announce support for BCH trading and did so even before the actual hard fork and creation of Bitcoin Cash.