Investors In South Korea prefer XRP Over Ethereum – Messari Report

According to a report published by Messari in mid-January on the crypto landscape in Asia, investors in South Korea prefer to trade XRP than Ethereum. As the report notes, South Korea is a center of the crypto industry in Asia. South Korea has the highest penetration of crypto investors, with one-third of all workers invested in crypto.

The popularity led to the emergence of huge crypto exchanges such as Bithumb, Upbit, Korbit and Coinone. And on those exchanges, XRP remains the second most popular cryptocurrency after Bitcoin (BTC). According to Messari, this could be due to the fact that, unlike in the West, Koreans are less active in DeFi.