The post XRP Is Most Preferred Coin in South Korea Ahead of Ethereum: Report appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The subtle rivalry between XRP and Ethereum (ETH) is now beyond just the market capitalization and ranking of both coins. A new report shows South Korean traders’ shifting perception about both coins. Per a survey by local media platform News1, these crypto-savvy traders chose XRP over Ethereum. Korean affinity for XRP The News1 survey spanned from Dec. 24 to Dec. 26, featuring 5,220 investors with a probe into their top crypto choices. Based on the ranking of the top assets by these respondents, Bitcoin retained the top spot as the most preferred asset in the country. Related Following Bitcoin is XRP before Ethereum, a unique twist that shows the popularity of the former in the region. Over the past few months, the retail market in South Korea has played a pivotal role in fueling the demand for XRP. As reported by U.Today, the country’s biggest crypto trading platform, Upbit, is always known to see intense outflows of XRP amid defined buying pressure. With evidence of bigger play over the past month, the impact on the coin’s price remains evident. Per the News1 report, XRP has remained a favorite coin in South Korea since the ICO era in 2017. The country is now considered one of its most important markets overall. Catching up with Ethereum in ETF play While the…

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Filed under: News - @ January 7, 2025 6:24 pm