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South Korea holds 30 percent of global crypto trading volume; why it favors altcoins

South Korea is re-emerging as an altcoin-focused trading hub in the global cryptocurrency market, with domestic exchanges showing a clear pattern of altcoins leading price formation and liquidity. Cryptopolitan reported that Korean exchanges account for about 30 percent of global trading volume, with roughly 85 percent concentrated in altcoins. The won-based market structure helps create independent liquidity in specific tokens, and activity in some names has coincided with jumps in global derivatives open interest.