XRP recorded a commanding trading volume of $1.6 billion on South Korean exchange Upbit, capturing 13.1% of the platform’s total KRW trading activity. The performance highlights the digital asset’s robust liquidity and strong investor interest within South Korea’s cryptocurrency market.
The XRP/KRW trading pair emerged as the highest-volume asset on Upbit, significantly outpacing other major cryptocurrencies. Notable entrants in the top-traded list included Bitcoin (BTC), MOODENG, Ethereum (ETH), and HP, though specific volume figures for these assets weren’t disclosed.
This trading activity underscores Upbit’s continued prominence as a crucial cryptocurrency exchange hub in Asia, particularly within the Korean won-denominated digital asset ecosystem. The concentration of volume in XRP reflects ongoing regional trading preferences and liquidity patterns.