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Analysis: South Korea's retail crypto market daily trading volume reached the second highest point of the year, with XRP leading with $6.3 billion in trading volume

On December 3rd, 10x Research stated in its market analysis that since Trump's election, there has been a significant shift in trading activity. With seven weeks until his inauguration, early appointments have indicated that the US government will become more friendly towards cryptocurrencies. This trend is expected to continue and may expand trading opportunities.

Other governments, especially the South Korean government, have also taken a more favorable stance towards cryptocurrencies. With the US leading the way in developing cryptocurrency regulation (or relaxing regulation), a global wave of cryptocurrency friendliness is expected to follow. The alpha generation of small cryptocurrency tokens may continue.

In the past 24 hours, the trading volume of the South Korean cryptocurrency market, mainly driven by individual investors, has risen to $18 billion, reaching the second highest level this year, surpassing the local stock market's trading volume of $14 billion. XRP leads the way with a trading volume of $6.3 billion, followed by DOGE ($1.6 billion), XLM ($1.3 billion), ENS ($900 million), HBAR ($800 million) and SHIB ($600 million). These strong momentum cryptocurrencies are mainly driven by individual traders.

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