South Korean cryptocurrency exchange Upbit experienced a substantial increase in trading volume today, surging by more than 45%.
The sharp uptick was driven predominantly by heightened activity in Ethereum (ETH), XRP, and notably, the PROVE token.
PROVE token exhibited extraordinary trading momentum, recording a dramatic 24-hour volume surge of 31,000%.
Simultaneously, XRP trading on Upbit alone surpassed $1.09 billion, underlining the exchange’s significant position within the global XRP market.
This heightened activity follows a trend observed last month where the PROVE token already constituted 18.1% of Upbit’s total trading volume, signaling sustained and significant market interest.
The surge coincides with periods of developing regulatory clarity for digital assets within the South Korean market.