"It was a fantastic year in 2017." As stated by Junhaeng Lee, co-founder and CEO of Seoul-based crypto platform Gopax, that's one simple but accurate summary of the last year for cryptocurrency exchanges in South Korea. Indeed, since earlier last year, crypto trading volume in the country has surged to a point where exchanges from South Korea have topped their global peers in terms of 24-hour trading volume.
Speaking at the Deconomy conference in Seoul on Tuesday, Lee credited the speculative mindset of Korean investors as the key driver. As he put it, when price surged, investors simply flocked in, enticed by big gains.cl
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