韓元飆升至交易量最大的加密貨幣法定貨幣榜首

2024 年第一季度，韓元 (KRW) 超越美元 (USD)，成為加密貨幣交易量最大的法定貨幣，交易量超過 4,560 億美元。韓國交易所（尤其是 Upbit、Bithumb 和 Korbit）之間激烈的費用競爭加劇了韓元的主導地位，儘管 Bithumb 因零費用交易而暫時飆升，但 Upbit 仍然保持著強勢地位。香港證券交易所即將上市比特幣 ETF，加上美國以太坊 ETF 的監管前景不確定，可能會進一步提升韓元在加密貨幣交易中的作用。

South Korean Won Surges as Most Traded Crypto Fiat Currency, Overtaking US Dollar

韓元飆升，成為交易量最大的加密法定貨幣，超越美元

In a remarkable shift in the cryptocurrency trading landscape, South Korea's Won has emerged as the world's most traded fiat currency against cryptocurrencies, surpassing the long-standing dominance of the US Dollar. This significant milestone marks a testament to the thriving crypto ecosystem in South Korea and the intense competition among its crypto exchanges.

加密貨幣交易格局發生了顯著轉變，韓元已成為全球加密貨幣交易量最大的法定貨幣，超越了美元的長期主導地位。這一重要的里程碑標誌著韓國加密貨幣生態系統的蓬勃發展及其加密貨幣交易所之間的激烈競爭。

Fee War Ignites Trading Volume Surge

費用戰引發交易量激增

South Korean crypto exchanges have engaged in a fierce "fee war," vying for market share with aggressive strategies to lower transaction fees. Upbit, the region's leading exchange since 2021, has maintained its dominance with over 82% of the market.

韓國加密貨幣交易所展開了激烈的“費用戰”，透過積極降低交易費用的策略來爭取市場份額。 Upbit 自 2021 年以來一直是該地區領先的交易所，以超過 82% 的市佔率保持主導地位。

However, Bithumb and Korbit launched campaigns offering zero fees on transactions, which significantly impacted market dynamics. Bithumb's market share tripled after implementing zero fees in October 2023, leading to a surge in trade volumes on Korean platforms.

然而，Bithumb 和 Korbit 發起了零交易費用的活動，這對市場動態產生了重大影響。 2023 年 10 月實施零費用後，Bithumb 的市佔率增加了兩倍，導致韓國平台上的交易量激增。

Hong Kong's ETF Approvals Fuel Optimism

香港 ETF 獲準激發樂觀情緒

Regulatory approvals play a crucial role in shaping cryptocurrency markets. Hong Kong's Securities and Futures Commission (SFC) recently approved three spot Bitcoin ETFs, marking a positive development for the crypto industry. The listing of these ETFs on the Hong Kong Stock Exchange is expected to galvanize a post-halving rally for Bitcoin.

監管批准在塑造加密貨幣市場方面發揮著至關重要的作用。香港證券及期貨事務監察委員會（證監會）最近批准了三隻現貨比特幣 ETF，標誌著加密產業的積極發展。這些ETF在香港證券交易所上市預計將刺激比特幣減半後的反彈。

US Ether ETFs Face Uncertain Future

美國以太坊 ETF 面臨不確定的未來

In contrast to Hong Kong's progressive stance, the United States regulatory landscape remains uncertain regarding the approval of spot Ether ETFs. The U.S. Securities and Exchange Commission (SEC) has not yet granted approval, leading to skepticism among industry experts.

與香港的進步立場相反，美國監管環境在批准現貨以太坊 ETF 方面仍然存在不確定性。美國證券交易委員會（SEC）尚未批准，這引起了行業專家的懷疑。

Implications for Crypto Trading Dynamics

對加密貨幣交易動態的影響

The emergence of the South Korean Won as the most traded crypto fiat currency highlights the dynamic nature of the global crypto market. Exchange strategies and regulatory developments in different jurisdictions will continue to shape future trends in trading volumes and market dynamics.

韓元作為交易量最大的加密法定貨幣的出現凸顯了全球加密市場的動態本質。不同司法管轄區的交易所策略和監管發展將繼續影響交易量和市場動態的未來趨勢。

Regulatory Harmonization Challenges

監理協調挑戰

The upcoming Bitcoin ETF listings in Hong Kong and the ongoing regulatory deliberations in the US exemplify the global nature of the crypto market. These developments underscore the growing acceptance of cryptocurrencies as legitimate financial assets but also highlight the complexities of regulatory harmonization across different regions.

即將在香港上市的比特幣 ETF 以及美國正在進行的監管審議都反映了加密貨幣市場的全球性質。這些發展凸顯了加密貨幣作為合法金融資產的接受度日益提高，但也凸顯了不同地區監管協調的複雜性。

Market Outlook and Future Trends

市場展望及未來趨勢

The first quarter of 2024 has witnessed a pivotal shift in the cryptocurrency trading landscape, with the South Korean Won becoming a dominant force. This transformation underscores the evolving regulatory environment, competitive strategies among exchanges, and broader macroeconomic factors.

2024 年第一季度，加密貨幣交易格局發生了關鍵轉變，韓元成為主導力量。這種轉變凸顯了不斷變化的監管環境、交易所之間的競爭策略以及更廣泛的宏觀經濟因素。

Key Takeaways:

要點：

• South Korean Won has overtaken the US Dollar in crypto trading volume, reaching over $456 billion due to intense fee competition among exchanges.
• Upbit leads the market despite Bithumb's temporary surge from zero-fee transactions.
• Hong Kong's approval of Bitcoin ETFs may further boost Won's crypto trading dominance, contrasting with the uncertain future of US Ether ETFs.
• The dynamic nature of the global crypto market highlights the influence of regulatory developments, exchange strategies, and macroeconomic factors on trading volumes.
• Regulatory harmonization remains a complex challenge, as evidenced by the contrasting approaches towards cryptocurrency ETFs in different jurisdictions.
• The future of cryptocurrency trading will be shaped by the strategies adopted by exchanges in South Korea, along with the evolving regulatory environment in different jurisdictions.

由於交易所之間激烈的費用競爭，韓元的加密貨幣交易量已超過美元，達到超過4560 億美元。振韓元的加密貨幣交易主導地位，與美國以太坊ETF 的不確定未來形成鮮明對比。是一個複雜的挑戰，這一點從對比中可以看出。環境。