More than 100 altcoins on Korbit and Coinone record no trades in 24 hours

  • Korbit and Coinone had more than 100 listed altcoins without trades during a 24-hour period.
  • Korbit had roughly 80 zero-volume assets, while Coinone had approximately 130.
  • Stablecoins represented 86.0% of Korbit’s and 54.4% of Coinone’s volume from Aug. 12 to Sept. 3.

More than 100 altcoins listed on South Korean exchanges Korbit and Coinone recorded no trades during a 24-hour period, while many others posted volumes below 10,000 won. As of 2 p.m. on the previous day, roughly 80 of Korbit’s approximately 190 supported assets had zero volume, compared with about 130 of Coinone’s roughly 360 assets. The exchanges’ fee-free campaigns lifted total volume but concentrated activity in stablecoins, whose share reached 86.0% of Korbit’s volume and 54.4% of Coinone’s from Aug. 12 to Sept. 3. Thin liquidity left some prices frozen at outdated levels, producing gaps of as much as 19.8% between exchanges.

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More than 100 altcoins on Korbit and Coinone record no trades in 24 hours - CoinPost Terminal