Current Developments and Evaluations in Crypto Currency Markets

Kaiko’s new report discusses the current situation in the cryptocurrency markets in the US and South Korea and the correlation of Bitcoin with the dollar. Competition in the crypto market in South Korea is heating up, especially with the aggressive strategies of Bithumb and Korbit. Bithumb’s zero commission policy significantly increases its market share, while Korbit has a lower share in this competition. Highlights of the Korean Crypto Market The report mentions that there is intense competition between cryptocurrency exchanges in South Korea. While Upbit maintains its market leadership position, Bithumb’s zero commission campaign has changed market dynamics. This campaign has reduced Bithumb’s revenues, but increased its trading volume. US Crypto Market Analysis In the US, Coinbase continues to lead the cryptocurrency market, but the market shares of other major players such as Binance.US are showing signs of decline. The lawsuit filed by the SEC against Binance.US has had an […]

Current Developments and Evaluations in Crypto Currency Markets

Kaiko’s new report discusses the current situation in the cryptocurrency markets in the US and South Korea and the correlation of Bitcoin with the dollar. Competition in the crypto market in South Korea is heating up, especially with the aggressive strategies of Bithumb and Korbit. Bithumb’s zero commission policy significantly increases its market share, while Korbit has a lower share in this competition.

Highlights of the Korean Crypto Market

The report mentions that there is intense competition between cryptocurrency exchanges in South Korea. While Upbit maintains its market leadership position, Bithumb’s zero commission campaign has changed market dynamics. This campaign has reduced Bithumb’s revenues, but increased its trading volume.

US Crypto Market Analysis

In the US, Coinbase continues to lead the cryptocurrency market, but the market shares of other major players such as Binance.US are showing signs of decline. The lawsuit filed by the SEC against Binance.US has had an impact in this regard. Grayscale’s Ethereum fund has achieved a lower profit than the performance of Ethereum in the market, creating potential concerns for investors.

Useful Information

Competition is rejuvenating the South Korean crypto market: Competition between exchanges such as Bithumb and Korbit offers different options for investors.
Coinbase, the leader in the crypto market in the US, maintains a strong position against competition.
The performance of Grayscale’s Ethereum fund suggests that investors need to be careful when evaluating alternative investment tools.
The negative correlation of Bitcoin with the dollar index may require investors to reconsider their portfolio diversification strategies.

Especially the current situation in the US and South Korean markets provides important information for investors to adjust their strategies and understand market dynamics. The report is an important source for better understanding the future movements of Bitcoin and other crypto assets.

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