According to a new report, South Korea’s recent cryptocurrency craze is being driven principally by interest in altcoins. Altcoins are digital coins other than Bitcoin, with Ethereum, Ripple and Litecoin being examples of prominent altcoins.
The report indicates that altcoins account for 95% of the trading volume on Korea’s leading cryptocurrency exchanges. Meanwhile, Bitcoin’s dominance has been at one of its lowest points this year.
Many South Koreans, particularly younger individuals, have turned to crypto investing as a