While altcoin prices have been volatile in recent days, the volumes in the Asian market are also increasing. Many altcoins started to attract a lot of attention in South Korean stock markets, which saw significant increases compared to the volumes in Europe and the USA. The altcoin of interest on Tuesday, July 4, 2023, was Aptos (APT).
Aptos (APT) priceattracted the attention with an increase of more than 10 percent on a daily basis. Despite the recent growing interest among Layer 1 solutions, the poor performance of the general market also affected APT. South Korea’s largest cryptocurrency exchange On Upbit, APT trading volume per day reached nearly a third of the entire market.
APT’s price balance also benefited from this volume increase, hovering 5 percent above the average price. Platforms in the Asian market, especially in South Korea, made a difference by peaking in the second quarter of 2023 compared to other markets.
Spot trading volumes on major exchanges outside Asia are at their lowest level since 2020, according to Kaiko data. Volumes on the Binance exchange fell by 70%, while Coinbase, Kraken, OKX, and Huobi also fell by more than 50%. Transaction volumes on South Korean stock markets, on the other hand, broke a record by exceeding $ 4 billion daily.
Disclaimer: In accordance with Trust Project guidelines, BeInCrypto guarantees unbiased and transparent reporting on news. This news article aims to provide accurate and up-to-date information. However, readers are advised to independently verify all information and consult a professional before making any decisions based on this context.