”Korean won, virtual currency trading is centered on altcoins, the world's two largest currencies”

While the Korean won surpassed the dollar in global cryptocurrency trading in the first quarter of this year to emerge as the leading cryptocurrency legal tender, these figures are based on altcoins.
According to News 1, Cryptoquant CEO Joo Ki-yeon said through X (formerly Twitter) that the Korean won is the second largest cryptocurrency in terms of trading volume.
"It is the largest legal tender in the world, but is mainly used for trading altcoins," he said. "82% of Upbeat's trading volume last month was in altcoins," he said.
"BTC/USD trading volume was 5 times higher than Upbeat's BTC/KRW pair," he said. "Coinbase has a 46% share of the global BTC/USD spot market.
"The US market is occupying 100% of the global market," he said, adding, "The influence is becoming even greater with the expansion of institutional brokerage services."
"Currently, the market capitalization of stable coins is increasing, but it is decreasing compared to the market capitalization of BTC and Ethereum. The increase in the market capitalization of stable coins alone will not be enough to
"We can't expect any increases," he added.