There is intense interest in Bitcoin and cryptocurrencies in the Far East Moon markets.. Perhaps thanks to this interest, the market has comfortably reached a size of $ 2 trillion.. If you are wondering which cryptocurrencies are bought the most in Japan, South Korea and China, you can take a look at the content of our news.
Which crypto currency is sold the most in Far East Asia.
Forbes’ Kenneth Rapoza broke the news, revealing which cryptocurrencies are bought the most in Japan, South Korea and China. We would like to briefly share this information with you.
The Forbes writer, who had the opportunity to have a dialogue with Jonathan Lyu, the CEO of KuCoin, obtains interesting and important information from Lyu.. CEO Lyu says that the most popular cryptocurrencies overall in Far East Asian markets are (predictably) Bitcoin and Ethereum. Recently, he states that DogeCoin has been added to the list.
Jonathan Lyu describes Japanese investors as the “most risk-averse” Far East Asian community.. Lyu says Japanese investors are more likely to invest in Ripple (XRP) and Cardano (ADA).
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South Korean crypto money investors are turning to more local cryptocurrencies. For example, Enjin (ENF) and Luna Coin (LUNA) have been in demand by South Korea lately.
It is stated that Filecoin (FIL) is popular in China.. Cryptocurrency trading is prohibited in China.. For this reason, Chinese investors can invest in cryptocurrencies in Hong Kong-based exchanges with various methods. BTSE’s CEO Jonathan Leong, which is the namesake of the CEO of in, states that the Japanese absolutely love XRP.. The Chinese, on the other hand, state that they invest in stock market tokens such as BNB and DeFi tokens.. The investors who like to take risks most in the Far East Asian markets are South Koreans and they make long-term investments.
Lyu points out Bitcoin miners, stating that there are many Bitcoin whales in China.. As it is known, 60% of Bitcoin mining on a global basis takes place in China.
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Lyu states that Far East Asian investors like to take more risks compared to Western investors.. Asian investors are trading using dangerous leverage.
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