In an Ethereum price analysis published on May 2, Cointelegraph revealed that South Korea officially became the largest Ethereum exchange market in the world, taking over China and the US for the first time.The South Korean market’s $105 mln daily trading volume triggered the interests of both institutional investors and casual traders worldwide.Five days later, South Korea’s largest digital currency exchange Bithumb maintains its position as the largest Ethereum-to-fiat exchange within the global market, with a $14 mln daily trading volume and 10.7 percent market share.Bithumb’s trading volume is even larger than that of Coinbase’s digital currency exchange GDAX, which falls short at $11.57 mln.At this current stage of Ethereum development and the ecosystem of Ethereum within South Korea, the move from Bitcoin to Ethereum and other altcoins seems to be a strategy of local investors to profit from the explosive growth of altcoins in general.Other alternative cryptocurrencies such as Litecoin and Ripple have also gained a significant amount of support from South Korea’s local communities.

The majority of support is being allocated to the Ethereum market due to the exponential increase in Ethereum price in the past few months and the interest of major corporations such as Sony in the Ethereum network.bitcoin cours du jourSince January of this year, Ethereum’s market cap increased from around $700 mln to $9 bln.bitcointalk 8 bitThat is nearly a 13x growth in a five-month period.bitcoin to the moon t shirtBecause investors were already looking for alternative cryptocurrencies to invest in other than Bitcoin and Ethereum price was on the rise, most of the attention shifted to Ethereum.bitcoin ticker app storeDuring that phase, the announcement of multi-billion dollar conglomerates such as Sony in regard to Ethereum development further triggered the interest of local investors in Ethereum.dogecoin gbp

A member of an online Ethereum community wrote: “I’ve just attended a panel discussing fraud and in the game industry.When asked about future developments, Sony’s fraud specialist specifically mentioned Ethereum.550 ti bitcoinSpeaking to her afterwards, she was quite knowledgeable about smart contracts and it appears ethereum is very much on their radar.ethereum korea exchangeIt came up in a discussion regarding fraud so will be part of their research.” “It’s likely much too early for a project.ethereum token walletPlatform holders are very resistant to this kind of change.” While Sony’s statement on Ethereum wasn’t considered to be a major driver of price in the global market, within the South Korean market, it was a big factor.bitcoin cest quoi

It further convinced investors and justified the value of Ethereum.More to that, as more conglomerates including Microsoft and JPMorgan joined the Enterprise Ethereum Alliance, the demand toward Ethereum increased significantly in the South Korean market.As a result, Ethereum meetups and conferences have become increasingly popular in South Korea.Communities have started to discuss the potential of decentralized applications and Blockchain-based innovation.Chart Ethereum Ethereum Price Ethereum/South Korean Won (ETH/KRW) Price Chart ETH/BTC ETH/USD ETH/GBP ETH/EUR ETH/CHF ETH/CNY ETH/JPY ETH/CAD ETH/AUD ETH/RUB ETH/SEK ETH/HKD ETH/SGD ETH/TWD ETH/KRW ETH/ZAR ETH/INR ETH/MYR ETH/IDR ETH/BRL ETH/NZD ETH/MXN ETH/PHP ETH/DKK ETH/PLN ETH/XAU ETH/XAG ETH/XDR ETH/BTC ETH/USD ETH/GBP ETH/EUR ETH/CHF ETH/CNY ETH/JPY ETH/CAD ETH/AUD ETH/RUB ETH/SEK ETH/HKD ETH/SGD ETH/TWD ETH/KRW ETH/ZAR ETH/INR ETH/MYR ETH/IDR ETH/BRL ETH/NZD ETH/MXN ETH/PHP ETH/DKK ETH/PLN ETH/XAU ETH/XAG ETH/XDR Ethereum Price Ethereum Chart 24 hours price 7 Days Price 14 Days Price 30 Days Price 60 Days Price 90 Days Price Price Calculator Learn More About Ethereum Ethereum Price Ticker Widget Ethereum Trading Volume Ethereum Price Ethereum Chart 24 hours price 7 Days Price 14 Days Price 30 Days Price 60 Days Price 90 Days Price Price Calculator Learn More About Ethereum Ethereum Price Ticker Widget Ethereum Trading Volume Easiest Way to track Ethereum Your Ad Here?

Coin Code Price Market Cap Trading Volume Ethereum ETH ₩378,723.25502155 ₩35,126,412,235,230.4 ₩183,495,612,246.6 The value of Ethereum for today is ₩378,723.25502155.It has a current circulating supply of 92.7 Million coins and a total volume exchanged of ₩183,495,612,246.6 .See where it stands in the complete ranking.Buy / Sell Instantly!Trade ETH with Leverage BolehVPNBest VPN in Town Your Ad Here?View Full Chart 24h 7d 14d 30d 60d 90d Max Date Price (KRW) 1 minute ago 378,723.25502155 1 minute ago 378,723.25502155 11 minutes ago 378,334.27133529 21 minutes ago 377,995.49861331 31 minutes ago 378,120.58363764 41 minutes ago 378,136.14749198 about 1 hour ago 378,826.22304797 about 1 hour ago 378,479.51563545 about 1 hour ago 378,307.14262980 about 1 hour ago 377,979.78395628 Your Favorite Altcoin Not Listed Here?