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CoinEx Daily: BAKE Soars 98% over the past 24 hours, South Korea's Rising Crypto Market Influence

2023-12-06 12:00:00

CoinEx Top Gainer——【Bakery Token (BAKE)】

BAKE soars 98% over the past 24 hours, marking a significant upturn for BakerySwap, a comprehensive DeFi platform. It uniquely combines AMM services and an NFT Marketplace, supporting multiple chains including BNB Chain, Base, Ethereum, and soon Bitcoin. The platform's recent launch of NFTSwap on Ethereum, which facilitates easy NFT trading with features like instant liquidity and bToken conversions, is a major advancement. Additionally, the introduction of CryptoDoggies NFTs has spiked interest, potentially increasing $BAKE's demand. BakerySwap's focus on fostering innovative projects and robust community engagement underscores its growing prominence in the DeFi and NFT sectors.

Check Out the Latest Prices, Charts, and Data of BAKE Market and BAKEUSDT Spot!

CoinEx News Nosh——【South Korea's Rising Crypto Market Influence】

South Korean crypto traders are gaining significant influence, as indicated by the recent Bitcoin rally where it surged over 50% to reach its highest price in nearly two years. In a notable shift, the Korean Won surpassed the dollar as the primary fiat trading pair for cryptocurrencies in November, excluding stablecoins and certain pairs. This data, tracked by CCData since 2021, reflects South Korea's strong blockchain and crypto community presence. Despite setbacks like the Terra collapse, the country remains a key market for crypto firms, especially as regulatory challenges grow in the US. In November, 42.8% of Bitcoin's fiat trading involved the Korean Won, underscoring a shift in global crypto trading dynamics.

Check Out the Latest Prices, Charts, and Data of BTC Market Data and BTCUSDT Spot!

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