Spot volumes on local exchange Upbit have nearly doubled since September, analysts at on-chain data firm CryptoQuant shared in a Friday note to CoinDesk. Upbit, which constitutes over 85% of the Korean trading volume, experienced an 82% growth in October compared to September, with trading volume rising from $32.8 billion to $59.8 billion.

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• Source: https://www.coindesk.com/markets/2023/11/17/recent-altcoin-rally-powered-by-south-korean-traders-cryptoquant-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines