Data: Upbit's trading volume in October reached 59.8 billion USD, a month-on-month increase of 82%
ChainCatcher message, according to an analysis by the on-chain data company CryptoQuant in a report on Friday, the spot trading volume of Upbit, which accounts for over 85% of the trading volume in South Korea, increased from $32.8 billion to $59.8 billion in October, an increase of 82% compared to September.
In response, CryptoQuant analyst Bradley Park stated, "For tokens that are only listed on South Korean exchanges, if the trading volume increases significantly, then launching futures on overseas exchanges becomes very popular. From an on-chain perspective, market makers are the buying power."
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