TRON - Investors In This Country Prefer Altcoins And Tron Over Bitcoin Ethereum: Here's Why | Benzinga
Altcoins and the Tron (CRYPTO: TRON) network are the preferred avenue for deposits and withdrawals over major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), data shows.
That's the case in at least one jurisdiction.
In South Korea, DeSpread Research shows that centralized exchanges — Upbit, Bithumb, Coinone, and Korbit — sparked this trend.
Upbit, for example, accounts for about 80% of the Korean crypto exchange market. While globally recognized cryptocurrencies such as Bitcoin and Ethereum have vast trading volumes worldwide, they surprisingly have low trading volumes on Upbit.
Instead, the majority of individual investors on Upbit are showing a strong inclination towards altcoins that offer high-profit potential, embracing the associated high ...