All Koreans Who Own Crypto Most Likely Hold XRP: Fact Check
2025-07-08 13:09:22
Main Idea
XRP dominates South Korea's cryptocurrency market, with high trading volumes and significant ownership among Korean crypto investors, supported by utility, regulatory clarity, and market dynamics.
Key Points
1. XRP frequently surpasses Bitcoin in daily trading volume on Upbit, South Korea's largest exchange, with daily volumes exceeding $700 million during surges in late 2024 and early 2025.
2. Korean exchanges accounted for over $1 billion in spot XRP volume in December 2024, indicating strong local investor participation.
3. Korean investors likely hold 15–20% of global XRP liquidity, making South Korea one of the most XRP-heavy markets worldwide.
4. XRP's appeal in South Korea is attributed to its utility, regulatory clarity, low transaction costs, and the 'Kimchi premium' phenomenon.
5. While 'all Koreans who own crypto most likely hold XRP' may be an exaggeration, the data shows overwhelming XRP activity and ownership in South Korea.
Description
A recent post by XForceGlobal sparked widespread discussion, claiming that XRP continues to dominate spot trading volume across South Korean exchanges , even during market downturns, and that nearly 20% of the token’s entire global market cap is concentrated in Korea. While the statement is bold, a closer look at available data and recent market trends reveals that it is largely accurate, offering a compelling glimpse into South Korea’s unique relationship with XRP. XRP’s Unmatched Dominance in ...
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