XRP emerged as the dominant cryptocurrency on South Korea’s largest exchange Upbit, securing an 11.71% market share of the platform’s total trading volume. This occurred amid a significant $16.98 billion surge in 24-hour trading activity on the exchange.
The XRP/KRW trading pair led all others on Upbit, outperforming other major pairs including SEI, BTC, ETH, and NEWT. This trading pattern underscores XRP’s exceptional liquidity and strong investor demand within South Korea’s cryptocurrency market.
The data reinforces Upbit’s position as a pivotal hub for digital asset trading in Asia, driving substantial capital flows and reflecting regional market dynamics. XRP’s leading role highlights its sustained appeal among South Korean traders amid competitive market conditions.