Kaiko disclosed that despite Korean traders traditionally preferring altcoins (which account for about 80% of the local market), Bitcoin has attracted a significant influx of safe-haven funds during recent political turmoil. On Upbit and Bithumb, the cumulative volume growth (CVD) of the BTC-KRW trading pair has shown a clear increase.
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Kaiko: Bitcoin attracts a large amount of safe-haven funds due to the recent political turmoil in South Korea
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