The Korean won surpassed the US dollar to become the largest fiat trading pair for Bitcoin, accounting for 42.8% in November

ChainCatcher news, according to a report by Bloomberg citing CCData, in November this year, the Korean won surpassed the US dollar for the first time, becoming the largest fiat trading pair in cryptocurrency trading. This data does not include stablecoins and related trading pairs, during which Bitcoin surged over 50%, reaching its highest price level in nearly two years.

CCData shows that in November, 42.8% of fiat trading activity in Bitcoin trading was related to the Korean won. From September of this year to now, the Korean won's market share has increased by about 17% to 41%, while the US dollar's market share has decreased by 11% to 40%.