Upbit, South Korea's largest cryptocurrency exchange, witnessed a significant spike in trading volume, rising over 45% on August 10, 2025, primarily focusing on ETH, XRP, and PROVE.
Increase in Upbit Trading Volume
On August 10, 2025, Upbit's daily trading volume surged over 45%. The activity was concentrated on Ethereum (ETH), XRP, and PROVE, driven by improved market sentiment and regulatory changes in South Korea.
Market Impact and Key Metrics
Key figures included a 31,000% surge in PROVE's 24-hour volume, while XRP achieved $1.09 billion in trading volume solely on Upbit. PROVE's trading presence comprised 18.1% of Upbit's total in July 2025. Discussions among market observers confirm Upbit's significant role in the global XRP market.
Potential Implications for Financial Markets
The growing interest in these assets raises possibilities for further changes in financial sectors, particularly impacting asset managers like Grayscale. Market participants continue to monitor the dynamics and possible regulatory changes.
With the increasing activity on Upbit and shifting regulatory landscapes, future actions from institutional investors warrant close observation as the market evolves.
