South Korean exchange traffic has risen sharply since June — Is this why?

The boost may come down to the popularity of one specific token.

Data indicates that Coinone, a South Korean exchange, saw its user base rise by about 10,000 people per month after listing Kakao’s klaytn (KLAY) token in June. 

The token was listed after Kakao, a tech giant who runs the most popular chat app in South Korea, made crypto transactions a part of their messaging app, KakaoTalk. Shortly after launch, Kakao announced that their messenger’s new crypto wallet function had surpassed 100,000 users in less than a day.

KLAY’s surge in value, which has more than tripled over three months, has led to rising volumes on other exchanges as well, the report says.

Coinone’s exchange currently accounts for 10% of the total domestic market in South Korea. It is currently in 12th place in terms of 24-hour volume globally, according to CoinMarketCap data.

Read the full article at

This content is provided by public RSS feed at Please contact us if you have any questions.

Be the first to comment

Leave a comment

Your email address will not be published.