@Oshosondy. If stablecoins are not included, I reckon this clearly creates a stronger argument that the Korean Won will be the biggest supporter and pumper of the cryptospace market in Asia. My argument is not who is no.1, it is if the Korean won will be the biggest pumper in Asia or not and this certainly implies that the next Asian pump will be K Pump heheheheh.
There are a ton of things in that bag of salt you need to take the news with
- first, it's about USD not really being traded on most exchanges since it's obviously easier to deal with USDT
- Korea is a locked country, taking money or coins out of there is way more difficult than anywhere
- all those exchanges are playing with zero fees, so the volume is not comparable as it allows you to close positions on 1% gains
- those exchanges don't offer crypto<>usdt pair or anything else, only krw, the only expectation is krw<>usdt
- despite that, ironically
the biggest volume on bithumb is indeed usdt<>krw