XRP Dominates Largest Korean Exchange Again
Main Idea
XRP has once again become the most traded cryptocurrency on South Korea's largest exchange, Upbit, with a significant 24-hour trading volume of $310.8 million, surpassing Bitcoin and Ethereum.
Key Points
1. XRP recorded a 24-hour trading volume of $310.8 million on Upbit, making it the most traded asset on the platform.
2. XRP's trading volume exceeded Bitcoin ($92.8 million) and Ethereum ($131.55 million) by a significant margin.
3. This is not the first time XRP has dominated Upbit's trading volume, having previously reached $1.2 billion in May, accounting for 40% of all transactions.
4. The high trading activity has led some to speculate that XRP is entering a new growth phase, referred to as 'XRP 2.0'.
5. XRP's strong performance on Upbit highlights its liquidity and active trader participation in the South Korean market.
Description
Recent trading data from South Korean exchange Upbit has revealed a notable development in the cryptocurrency market, particularly for XRP. On July 27, XRP was identified as the most traded asset on the platform, recording a 24-hour volume of $310.8 million. This figure not only positioned XRP above other major cryptocurrencies on the exchange but also reignited interest in its market potential and ongoing relevance in global trading. XRP Leads Upbit Volume Rankings Xaif (@Xaif_Crypto), a promin...
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