South Korea

Bitcoin fell as low as $63,000 on Upbit after martial law was declared in South Korea. According to data from Lookonchain, whales moved large amounts of tether onto the crypto exchange to take advantage of the BTC discount Tuesday. CoinDesk's Christine Lee presents the "Chart of the Day."

4 dec 2024

Akash Network’s token surged to nearly $7 after the token was listed on South Korean exchange, Upbit. Upbit is the largest crypto exchange in South Korea by trading volume, and AKT has a market cap of 1.45 billion dollars according to Messari. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

23 apr 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin's 200-day average is on track to challenge its previous peak of $49,452 from February 2022. Plus, Ripple Labs has opposed the SEC’s proposal seeking a nearly $2 billion fine against the company and Crypto.com is postponing its South Korea Launch.

23 apr 2024

According to Kaiko data, Upbit has been the dominant player in the South Korean crypto markets since 2021 with an average market share of 82%. Since exchanges started promoting their zero-fee campaigns, competition has intensified during the recent bull run. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

17 apr 2024

Crypto Council for Innovation Chief APAC Analyst Sean Lee breaks down the state of crypto in Asia. He focuses on the impact of South Korea's latest election on digital assets. Plus, the possibility of the spot bitcoin and ether ETF approval in Hong Kong, and which regions are leading the pack when it comes to crypto adoption in Asia.

12 apr 2024

Crypto Council for Innovation Chief APAC Analyst, Sean Lee, weighs in on the possibility of spot bitcoin and ether ETF applications in Hong Kong, as Bloomberg reported that investors could see approvals as early as next week. If Hong Kong does "approve for bitcoin and ether ETFs at the same time, that will certainly be a first around various different jurisdictions in the world," Lee said.

12 apr 2024

Sean Lee, Chief APAC Analyst at Crypto Council for Innovation, answers five rapid-fire questions from CoinDesk, including the significance of South Korea's latest election for crypto adoption in the country, his crypto genesis story and how soon Hong Kong will approve the spot ETF products.

12 apr 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a new report from JPMorgan that says bitcoin still looks overbought despite the recent sell-off. Plus, the latest on Do Kwon’s South Korea extradition and Frax’s singularity roadmap that aims to boost the TVL of its layer 2 to $100 billion.

22 mrt 2024

"Kimchi premium" refers to the difference in bitcoin prices on Korean exchanges compared to global exchanges – and bitcoin is currently trading at a 10% premium in South Korea. The arbitrage was popularized by Sam Bankman-Fried and involves buying bitcoin on a global exchange and then selling it on a Korean exchange for profit. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

7 mrt 2024

CoinDesk's executive director of global content Emily Parker takes a closer look into the daily crypto trading volume on South Korean exchanges and what it means for bitcoin's (BTC) latest rally, as the largest cryptocurrency by market cap has climbed nearly 25% in the past month. Plus, the significance of BLUR trading in the Korean market.

7 dec 2023