10x Research: Retail trading volume in South Korea’s crypto market surges, with Altcoin now the focus of the market

According to the latest report released by 10X Research, trading activity has undergone significant changes since the election of Trump. Although his inauguration is still seven weeks away, early appointments have already shown that the US government will undergo a major shift towards crypto-friendly policies. We expect this trend to continue and potentially expand trading opportunities. Other national governments, particularly South Korea, are also taking a more favorable stance towards cryptocurrencies. As the US trends towards crypto-currency regulation (or deregulation), it is expected that the global landscape will follow suit, ushering in a more crypto-friendly environment. Alpha tokens in smaller cryptocurrencies may continue to grow. The retail trading volume in the South Korean cryptocurrency market has surged to $18 billion in the past 24 hours, setting the second-highest trading volume this year, surpassing the $14 billion trading volume in the local stock market. ($6.3 billion), ($1.6 billion), ($1.3 billion), ($900 million), ($800 million), and ($600 million) were the top traded cryptocurrencies. These highly volatile cryptocurrencies are primarily driven by retail traders, leveraging and reinforcing momentum-based trends. We see a relatively moderate funding rate of 15% annualized for Bitcoin, while the retail trading volume in South Korea has skyrocketed to $18 billion, creating a historic disparity. Clearly, the market's focus is currently on .