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CoinMarketCap excluded from the calculation of the rates of cryptocurrencies indicators South Korean exchanges

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Monday, January 8 popular analytical resource CoinMarketCap without any prior notice excluded from the calculation of weighted courses bitcoin and other cryptocurrency data of Korean stock exchanges. This is reported by the media and users in social networks.

Representatives of the platform has not commented on its decision, which, as expected, led to today observed a significant decrease in currency exchange rates. The vast majority of represented assets are currently deep in the red zone.

Among the most “affected” currencies can highlight the Ripple, more than 50% of trading volume which falls on exchange from South Korea.

However, if we turn to other analytical resources, such as Cryptocompareили Livecoinwatch, srednevzveshanny, bitcoins and many other cryptocurrencies on them is lower than on CoinMarketCap.

Omet is also that in the “Markets” these South Korean exchanges are still present, and as can be seen from these data, the largest exchange of the country Bithumb occupies the 4th place in the global ranking, with trading volume of $2,684 billion in the last 24 hours.

As you know, South Korean platforms cryptocurrency traditionally traded at prices often 10-15% above similar indicators of other global exchange venues. At the same time, the arbitration while working with them difficult because of the need to specify when registering a phone number of the South Korean operator, and other information that can be obtained, while in South Korea.

Earlier in January it was reported that the South Korean cryptocurrency exchange has suspended the registration of digital accounts due to the requirements of the financial regulator for compliance with KYC procedures.

However, if we turn to other analytical resources, such as Cryptocompareили Livecoinwatch, srednevzveshanny, bitcoins and many other cryptocurrencies on them is lower than on CoinMarketCap.

Omet is also that in the “Markets” these South Korean exchanges are still present, and as can be seen from these data, the largest exchange of the country Bithumb occupies the 4th place in the global ranking, with trading volume of $2,684 billion in the last 24 hours.

As you know, South Korean platforms cryptocurrency traditionally traded at prices often 10-15% above similar indicators of other global exchange venues. At the same time, the arbitration while working with them difficult because of the need to specify when registering a phone number of the South Korean operator, and other information that can be obtained, while in South Korea.

Earlier in January it was reported that the South Korean cryptocurrency exchange has suspended the registration of digital accounts due to the requirements of the financial regulator for compliance with KYC procedures.

 

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