Hmm, I just checked coinmarketcap now, and theres no KRW. Can you give me the link? Anyway if this is true , the Korean coin KRW must be centralized and controlled by their government? Can we mixed a centralized with decentralized coin like BTC, ETH?
What I am trying to say is that the new fiat money that is coming into crypto as a whole and not through exchanges between cryptos is mostly from korean fiat currency on korean exchanges followed by chinese yuan and US dollars. Just look at the markets tab of any top currency in coinmarketcap. You will see korean fiat as the one of top sources of new money.