Korea’s crypto exchanges enjoy bitcoin’s rally on Trump optimism

Quick Summary:

The daily trading value of virtual assets on South Korea’s crypto exchanges topped that of domestic stocks, helping operators of digital currency trading platforms earn more fees to boost not only their profits and assets but also the salaries of their employees, industry sources said.

SURGING ASSETS, SALARIESSuch rises are expected to boost the assets of South Korea’s crypto exchanges, which hold virtual currencies.Dunamu Inc., the operator of Upbit, had 14,641 units of bitcoin as of the end of the first half, as well as altcoins including 9,089 units of the second most valuable Ethereum and 9.3 million units of the No.3 Tether.

South Korea’s crypto exchanges are enjoying a global boom in virtual currencies including bitcoin as US President-elect Donald Trump is expected to follow through on his campaign promises to support the digital assets.

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Article Details

Category: Economy

Markets: South Korea

Topics: Bitcoin Digital Exchanges Crypto Korea’s Assets Trading Units South Sources Industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 17:19:00 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23582717

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About Korea Economic Daily

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Official Website: kedglobal.com

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Publisher ID: #91

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