South Korea’s daily Bitcoin trading volume has now overtaken the Chinese market’s third position, behind Japan and the USA. However Japan remains by far the most dominant bitcoin market in the work, at just under 50% of the global market share.
Prior to the recent Chinese ban, China represented over 10% of the bitcoin market.
The largest South Korean exchange, Bithumb, is now the largest crypto-currency trading platform in the world, with a trading volume larger than that of Bitfinex and Bittrex combined.
This comes at a time when Bitcoin remains stable near the $4,000 mark, following a sharp correction from its recent $5,000 high.