Upbit, South Korea’s leading cryptocurrency exchange, recorded a 24-hour trading volume of $16.34 billion, cementing its position as a dominant force in the global crypto exchange landscape.
The XRP/KRW trading pair emerged as the volume leader within Upbit’s Korean won market, capturing 12.86% of the platform’s total trading activity. This significant market share underscores robust investor engagement with the digital asset in the South Korean market.
Following XRP/KRW, other top-traded pairs on Upbit included Ethereum (ETH), Bitcoin (BTC), LAYER, and SNT. The trading concentration on these key assets highlights Upbit’s critical function as a primary hub for cryptocurrency transactions and liquidity in South Korea’s digital economy.
The exchange’s substantial trading volume demonstrates its pivotal role in facilitating crypto investments and reflects sustained market confidence among South Korean traders despite prevailing global market fluctuations.