Bitcoin Forum

Bitcoin => Press => Topic started by: DowBit on January 05, 2018, 02:42:45 PM



Title: [2018-1-5] South Korean cryptocurrency market up despite regulations
Post by: DowBit on January 05, 2018, 02:42:45 PM
South Korean government officials have published data on cryptocurrency deposits on the countryís stock exchange. Koreans have so far paid over 2 trillion won. The pace of growth is the most impressive. Stock exchanges report sixty-four times more deposits than in 2016. Although the previous years were excellent, growth has never been so impressive.

The popularity of Bitcoin in South Korea is impressive. Itís no wonder that the stock exchanges there are some of the most active in terms of turnover and that discussions about the future of BTC can stir up local communities.

more:https://dowbit.com/korean-cryptocurrency-market-regulations/


Title: Re: [2018-1-5] South Korean cryptocurrency market up despite regulations
Post by: veleten on January 07, 2018, 07:35:00 AM
South Korean government officials have published data on cryptocurrency deposits on the countryís stock exchange. Koreans have so far paid over 2 trillion won. The pace of growth is the most impressive. Stock exchanges report sixty-four times more deposits than in 2016. Although the previous years were excellent, growth has never been so impressive.

The popularity of Bitcoin in South Korea is impressive. Itís no wonder that the stock exchanges there are some of the most active in terms of turnover and that discussions about the future of BTC can stir up local communities.

more:https://dowbit.com/korean-cryptocurrency-market-regulations/

the total amount of deposits in 2014 was 2.5 billion won  and it was 9 billion won in 2015
deposits increased almost 65x times in 2017,reaching 2 trillion won
this is almost an exact figure that Samsung Pay hit in 2016 http://www.zdnet.com/article/samsung-pay-hits-2-trillion-won-in-south-korea/
only 2 bil usd is not much compared to the industrial giants such as Samsung and their payment system
hence there must be a great deal of growing for the crypto related businesses such as exchanges in 2018
maybe not another 60+ times growth,but a healthy  growth could well be a possibility