Bitcoin Cash (BCH) has set off a vigorous trading boom on the Upbit exchange, and its price has broken through the $300 mark, causing an uproar in the market. In this era of digital currency turmoil, the trading volume of the BCH/KRW trading pair has reached 480 million, becoming the focus of investors' attention. Let us uncover this digital currency storm and explore the mystery.

 Digital currency storm: BCH price surges

Bitcoin Cash (BCH) has jumped up, and its price has steadily risen, breaking through the $300 mark, which has attracted great attention from the market. Investors have said that BCH, as a fork of Bitcoin, has unique investment value and development potential. Against the backdrop of the turbulent digital currency market, the rise of BCH has undoubtedly brought new opportunities and challenges to investors. On the Upbit exchange, BCH's performance is even more eye-catching, with a trading volume of 480 million, becoming the focus of the market.

 BCH/KRW trading pair trading volume soars

The trading volume of the BCH/KRW trading pair on the Upbit exchange has soared to an astonishing 480 million. This figure amazed people and also demonstrated the potential and vitality of the digital currency market. Investors flocked to the market, hoping to profit from this round of trading boom. The convenience and efficiency of digital currency trading attracted more and more investors, who hoped to gain more benefits through this emerging market.

 Risks and opportunities of digital currency investment

With the rapid development of the digital currency market, investors are also facing more and more challenges and risks. The volatility of digital currency prices is large, and investors need to be vigilant at all times to prevent investment losses. However, with risks come opportunities. As a dark horse in the digital currency market, BCH's breakthrough performance has attracted the attention of many investors. In this unpredictable market, investors need to keep a clear head, seize opportunities and avoid risks.

 Future development trend of digital currency

With the continuous expansion and deepening of the digital currency market, the future development prospects of digital currency have also attracted much attention. The continuous innovation of blockchain technology and the standardization of the supervision of the digital currency market will inject new vitality and impetus into the development of digital currency. Investors are full of confidence in the future of digital currency. They believe that digital currency will become an important part of the future financial system and inject new vitality into the development of the global economy.

 Conclusion: A new era of digital currency has arrived

The price of Bitcoin Cash (BCH) has soared, and the trading volume of the BCH/KRW trading pair has hit a record high. The digital currency market is unprecedentedly hot. Digital currency has become the focus of investors and the new darling of the financial market. In this new era of digital currency, investors need to keep a clear head, assess the situation, seize opportunities, and avoid risks. The digital currency market is full of infinite possibilities and opportunities. Let us witness the glorious moment of digital currency together!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120btc.COM): After the launch of the non-custodial EDX Markets supported by the world's top asset management company Fidelity and several Wall Street giants Schwab, Paradigm, Sequoia Capital and Virtu
Financial, Bitcoin Cash (BCH) has become the biggest beneficiary. This morning, it has risen again, breaking through $300!

South Korea is crazy about BCH, Upbit has the largest trading volume in the entire network

Many market analysts believe that EDX
Markets, halving, ecological development, etc. are the main arguments for the rise. Despite this, the actual reason is still unknown. The only thing that can be relatively certain is that South Korea is likely to be the main driver of BCH's sharp rise this time.

CoinGecko data shows that in the past 24 hours, the trading volume of BCH/KRW on Upbit, South Korea's largest exchange, exceeded US$480 million, which is 4 times the 24-hour trading volume of BTC/KRW (US$120 million). Not only that, Upbit is the BCH trading pair with the largest trading volume among all exchanges, accounting for 23.58% of all BCH spot trading volume.

BCH contract holdings hit a two-year high

In terms of futures data, according to Coinglass data, BCH contract holdings reached US$562 million, a two-year high (the last high was on May 12, 2021). In addition, since June 22, when EDX went online, BCH contract trading volume has grown more than 10 times.

It is worth mentioning that as BCH continues to rise, the funding rate has almost been "negative" in the past few days, which means that short sellers need to pay high fees for "shorting", and perhaps the majority of retail investors in the market are unanimously bearish, which has become the "short squeeze fuel" needed for BCH to rise.

After EDX went online, BCH rose by more than 200%

Since EDXMarkets went online, BCH has risen from about US$105 to a maximum of US$325, an increase of more than 200%. As of press time, it was temporarily reported at US$296.3, up another 30% in the past 24 hours.