In the initial months of 2024, the South Korea Won became the dominant currency in global cryptocurrency transactions.

Research data from Kaiko revealed that the total volume of trades carried out in Korean won amassed to $456 billion, overtaking the $445 billion conducted in US dollars.

This notable increase in the use of Korean won for cryptocurrency trades indicates a significant shift in trading preferences and market dynamics, as highlighted in a Bloomberg report.

This development underscores the evolving cryptocurrency trading landscape, with the South Korean currency making a substantial mark on the international stage.