Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange

DOGE is the one that is yet again leading the market, closing in on a $100 bln market cap, and is accounting for 41.55% of Upbit’s overall volume, which is also more than Coinbase Pro’s entire volume.


Yet again, DOGE has gone parabolic.

Hitting a new all-time high at nearly $0.69, DOGE is up over 140% in the past 7-days ahead of Tesla CEO and “Dogefather” Elon Musk’s appearance on SNL on May 8.

Dogecoin is currently the 4th largest crypto asset with a market cap of $85 billion.

The DOGE FOMO is getting real, which yet again ends up taking Robinhood down. “We’re currently experiencing issues with crypto trading,” said the retail trading app on Tuesday, yet again, before restoring the crypto trading an hour later.

Retail traders are all simply FOMOing in on the meme coin, as evident from the fact that Dogecoin is the most traded crypto asset on the leading cryptocurrency exchange Binance.

According to CoinGecko, DOGE/USDT on Binance is recording $14 billion in volume, accounting for 19.82% of the overall exchange volume. ETH/USDT and BTC/USDT account for only 7.74% and 6.42% of Binance's total volume, only to be followed by DOGE/BTC yet again at 3.78%. ETH -0.35% Ethereum / USD ETHUSD $ 2,424.72
-$8.49-0.35%
Volume 20.29 b Change -$8.49 Open $2,424.72 Circulating 119.28 m Market Cap 289.22 b
3 w Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 3 w A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 3 w The Sandbox Game Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022
BTC 0.02% Bitcoin / USD BTCUSD $ 35,236.63
$7.050.02%
Volume 30.58 b Change $7.05 Open $35,236.63 Circulating 18.94 m Market Cap 667.3 b
3 w SEC Commissioner says NFTs Might Fall Within Their Jurisdiction, Gensler Hires Senate Aid for Crypto Policy 3 w A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 3 w Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum

Meanwhile, as per Binance owned Coinmarketcap, ETH/USDT derivatives are seeing the highest volume at $20.4 billion, followed by DOGE/USDT derivatives recording $19.4 billion in volume.

While BTC/USDT derivatives are the third most traded pair with a $19.4 billion volume, DOGE/USDT spot trading is yet again seeing $15.8 billion volume.

Just like the global users of Binance, South Koreans are all-in on DOGE as well. Dogecoin is accounting for 41.55% of all the volume on the largest cryptocurrency exchange of the country, Upbit.

Trading at a premium of 9.75%, DOGE/KRW is at $0.7077, down from a $0.7142 high earlier in the day.

Compared to Coinbase Pro’s $9.3 billion total volume, DOGE/KRW alone on Upbit did $14.3 billion in the past 24 hours.

As we previously reported, South Koreans have been more involved in altcoins than Bitcoin and Ether. And this continues with Ethereum Classic accounting for nearly 19% of all Upbit volume and the highest 20.69% on Bithumb.

XRP, BTT, EOS, LINK, and LTC are other popular altcoins on Korean exchanges. XRP 2.03% XRP / USD XRPUSD $ 0.60
$0.012.03%
Volume 2.31 b Change $0.01 Open $0.60 Circulating 47.74 b Market Cap 28.88 b
1 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 mon Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card
BTT 5.17% Blocktrade Token / USD BTTUSD $ 0.00
$0.005.17%
Volume 0 Change $0.00 Open $0.00 Circulating 55.75 m Market Cap 231.49 K
1 mon Layer 1s Lead Crypto Recovery But “Tricky” Macro Environment Raises Potentials for “Extreme and Violent” Moves 3 mon Bullish Week: Overwhelming Bitcoin Buying Sends OI to May Level While Net Dollar Longs Are Surging 5 mon Kimchi Premium Turns into A Discount, Binance Removes Korean Won Trading Pairs & Trading Options
EOS -0.36% EOS / USD EOSUSD $ 2.19
-$0.01-0.36%
Volume 579.81 m Change -$0.01 Open $2.19 Circulating 978.61 m Market Cap 2.14 b
1 mon Keanu Reeves “HODL”, Swiss Federal Councilor’s Data Leaked in Ledger Hack, Crypto Protocols Continue Be Exploited 1 mon EOS Founder Calls for A Rebranding, Network Pivots to DAO And Moving Away From Block.one 1 mon Over 4.4 Billion Added in Total Stablecoin Supply in the First Week of December
LINK -0.16% Chainlink / USD LINKUSD $ 15.68
-$0.03-0.16%
Volume 1.53 b Change -$0.03 Open $15.68 Circulating 467.01 m Market Cap 7.32 b
1 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 mon Layer 1s Lead Crypto Recovery But “Tricky” Macro Environment Raises Potentials for “Extreme and Violent” Moves 2 mon Bitcoin’s Longest Slump Since May Severs its Pandemic-era Correlation With Tech Stocks
LTC -0.44% Litecoin / USD LTCUSD $ 106.96
-$0.47-0.44%
Volume 1.36 b Change -$0.47 Open $106.96 Circulating 69.48 m Market Cap 7.43 b
1 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 mon Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide