South Korea Just Flipped the Switch on XRP. Here’s What Happened
Main Idea
South Korea's Upbit exchange recorded a significant surge in XRP trading volume, reaching $1.09 billion in 24 hours, following the closure of the SEC case against XRP, indicating renewed market activity.
Key Points
1. Upbit, South Korea's largest cryptocurrency exchange, registered $1.09 billion in XRP trading volume within 24 hours, surpassing Binance's $966.80 million.
2. The surge in XRP trading volume occurred shortly after the SEC case against XRP was closed, suggesting a catalyst for renewed market activity.
3. Other major exchanges like Coinbase, Bybit, Kraken, OKX, and Crypto.com also recorded significant XRP trading volumes during the same period.
4. The post-case environment has led to increased market activity, with the XRP community expressing optimism about future trading surges.
5. The geographic distribution of trading activity highlights South Korea's leading role in the global XRP market during this period.
Description
Crypto enthusiast X Finance Bull has reported a major surge in XRP trading volume originating from South Korea. According to his post, Upbit, the country’s largest cryptocurrency exchange, registered $1.09 billion in XRP trading volume within 24 hours, making it the highest among global exchanges during that period. The report positions Upbit ahead of Binance, which recorded $966.80 million in XRP trades over the same timeframe. The information was shared alongside a 24-hour heatmap of XRP spot ...
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