• Latest
  • Trending
South Koreans Flock to 1Inch After the Largest Exchange Lists the DeFi Token Along With AAVE

South Koreans Flock to 1Inch After the Largest Exchange Lists the DeFi Token Along With AAVE

October 27, 2021
Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

January 30, 2023
What Is a Digital Signature in Bitcoin

What Is a Digital Signature in Bitcoin

January 30, 2023
Coinbase Wallet’s new features to make Web3 safer for users

Coinbase Wallet’s new features to make Web3 safer for users

January 30, 2023
Binance Coin (BNB) Price Analysis for January 30

Binance Coin (BNB) Price Analysis for January 30

January 30, 2023
Blockchain Company AltLayer Appoints Amrit Kumar as COO

Blockchain Scaling Project Sovereign Labs Raises $7.4 Million in Seed Round

January 30, 2023
Bitget Announces Winners of Hero Trader Awards 2022

Bitget Announces Winners of Hero Trader Awards 2022

January 30, 2023
UK regulator investigates charity linked to FTX

UK regulator investigates charity linked to FTX

January 30, 2023
Premier League partners digital trading cards firm Sorare

Premier League partners digital trading cards firm Sorare

January 30, 2023
What Is Matcha: | CoinStats Blog

What Is Matcha: | CoinStats Blog

January 30, 2023
  • Privacy Policy
Monday, January 30, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

South Koreans Flock to 1Inch After the Largest Exchange Lists the DeFi Token Along With AAVE

J_News by J_News
October 27, 2021
in Crypto Technical Analysis, Top News
0
South Koreans Flock to 1Inch After the Largest Exchange Lists the DeFi Token Along With AAVE
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Trading & Investing

South Koreans Flock to 1Inch After the Largest Exchange Lists the DeFi Token Along With AAVE

  • AnTy
  • October 27, 2021

The largest cryptocurrency exchange in South Korea has listed three new coins, including the popular decentralized finance (DeFi) coins AAVE and 1INCH.

1INCH and AAVE were made available in the Korean Won (KRW) market along with the BTC market, where support for another token MASK was provided on Wednesday.

The minimum deposit amount for 1Inch is four 1Inch, 0.05 AAVE, and 1.5 MASK.

For now, Upbit only supports ERC-20 network deposits. Support for Binance’s blockchain BSC or any other networks is not supported yet.

By limiting the minimum orders, Upbit says it is creating a stable trading environment. Additionally, the exchange gave a warning of digital asset investment being exposed to rapid market price fluctuations due to speculative demand and changes in the domestic and foreign regulatory environment.

“There is a price difference between domestic and foreign exchanges due to the recent overheated trading environment,” it also noted.

As of writing, 1Inch is trading at $5.90, at a slight premium from other markets such as Binance, where it is trading at $5.60. Crypto assets on Korean exchanges usually trade at a kimchi premium, especially during bullish seasons.

1Inch pumped 90% on the back of the listing and is currently the most traded crypto asset on Upbit, accounting for 14.46% of the exchange’s volume compared to Bitcoin’s less than 11%, according to Coinmarketcap. Aave’s listing also helped the coin spike 36%, but it is the 6th most traded coin on Upbit.

This listing by Upbit, which accounts for the majority of South Korea’s crypto volume, actually helped the DeFi coins pump after a long time before the broad crypto asset prices took a 10% to 15% dump.

In other news, the National tax service is consulting domestic virtual crypto exchanges about the taxation of virtual currencies. Earlier this month, South Korea’s Deputy Prime Minister and Finance Minister, Hong Kam-ki, said the crypto tax rules would be enforced starting in January.

Under the new regulations, investors will be required to pay a 20% tax on personal crypto income of more than 2.5 million won or $2,100.

While some people are calling to suspend the government’s plan to tax crypto profits from next year, the government is going ahead with its plans.

The National Tax Service also categorizes deposits of crypto assets from private wallets to foreign exchange as income and imposes a tax on them on the assumption that the user got these cryptos for free.

“This is an area that has been controversial. Investors will be dissatisfied with this policy,” said an exchange official.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.





Source link

Related articles

Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

January 30, 2023
What Is a Digital Signature in Bitcoin

What Is a Digital Signature in Bitcoin

January 30, 2023
ShareTweetShareShare
Previous Post

FDIC is developing banks’ cryptocurrency activity guidance

Next Post

Robinhood’s Crypto Revenue Drops 78% in Q3 Due to DOGE, SHIB Not Coming Until Regulatory Clarity

Related Posts

Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

by J_News
January 30, 2023
0

Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their...

What Is a Digital Signature in Bitcoin

What Is a Digital Signature in Bitcoin

by J_News
January 30, 2023
0

A digital signature is a cryptographic method used to ensure the validity and integrity of digital data. We can think...

Coinbase Wallet’s new features to make Web3 safer for users

Coinbase Wallet’s new features to make Web3 safer for users

by J_News
January 30, 2023
0

Coinbse Wallet has introduced transaction previews and token approval alerts to help users protect against scams. The wallet is also...

Binance Coin (BNB) Price Analysis for January 30

Binance Coin (BNB) Price Analysis for January 30

by J_News
January 30, 2023
0

Denys Serhiichuk How deep can drop of Binance Coin (BNB) go at current correction? Sellers might have locally seized the...

Blockchain Company AltLayer Appoints Amrit Kumar as COO

Blockchain Scaling Project Sovereign Labs Raises $7.4 Million in Seed Round

by J_News
January 30, 2023
0

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Web3 vs Web2 – What Are Some Of The Core Differences?

Ethereum Stakers In Massive Loss As 80% of Staked ETH Is In The Red

5 Best Sources for Crypto News

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT