$WOO outpaces ETH and Solana trading volume on South Korea’s 2nd largest exchange

$WOO outpaces ETH and Solana trading volume on South Korea’s 2nd largest exchange

Record-24-hour trading volume is a result of compliance and nurturing communities in the region

October 25, 2023 - Barely two weeks after listing on the Korean exchange Bithumb, $WOO has recorded trading volumes of $118 million within 24 hours, surpassing Ethereum and Solana. 

$WOO’s 24-hour trading volume is ranked third, just behind Bitcoin and XRP, marking a significant milestone for the $WOO in its strategic growth in Asia, which is gaining significant traction due to more favorable regulations.

WOO announced two weeks ago the successful integration of WOO X with Bithumb following receiving CODE compliance approval from South Korean authorities. 

“Our integration with CODE Solution marks a significant milestone in our expansion strategy across Asia. Our strategic plan involves becoming fully compliant and making a significant impact in the South Korean market, which has the largest market for active traders in terms of volume."

Bithumb, South Korea's second-largest cryptocurrency exchange and the largest in the CODE Travel Rule solution network boasts over eight million registered users and a cumulative transaction volume exceeding USD $1 trillion.

Connect Digital Exchanges or CODE is a Travel Rule compliance solution jointly adopted by three major cryptocurrency exchanges in South Korea: Bithumb, Coinone, and Korbit. The integration with Bithumb and over 20 other exchanges in the CODE network enables seamless deposit and withdrawal capabilities across WOO X and its partner exchanges, furthering WOO's expansion strategy in Asia.

Above: Trading volume on Bithumb, accessed on October 25, 2023, 4:12 pm UTC

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