XRP has solidified its position as the leading cryptocurrency in the Korean won (KRW) trading market on Upbit, recording a dominant 24-hour trading volume of $1.258 billion. The XRP/KRW pair accounted for 18.41% of Upbit’s total trading activity, demonstrating superior liquidity and investor demand compared to other digital assets.
Following XRP, Bitcoin (BTC), Ethereum (ETH), Status (SNT), and Tether (USDT) comprised the top trading pairs by volume on the exchange. This trading pattern underscores Upbit’s pivotal role in facilitating high-volume cryptocurrency transactions within South Korea’s digital asset ecosystem.
Market analysts recommend monitoring these trading dynamics to evaluate liquidity trends and asset performance in the KRW-denominated trading environment. The substantial volume concentration highlights XRP’s significant traction among Korean investors and its influence on local market movements.