South Korea's largest cryptocurrency exchange, Upbit, recorded a 24-hour trading volume of $3.15 billion, with the XRP/KRW pair grabbing significant investor attention.
Key Drivers Behind XRP’s Market Surge
XRP's growth on Upbit is attributed to Ripple's expanding network of financial partnerships, enhancing its use case as a cross-border transaction currency. Regulatory improvements regarding Ripple and South Korea’s favorable trading environment have also played key roles in XRP's popularity.
Performance of Other Cryptocurrencies on Upbit
Besides XRP, other cryptocurrencies showed notable trading volumes on Upbit. CARV followed with $152 million and Ethereum with $148 million. SafeCoin recorded $102 million, and Dogecoin continues to attract investors with a volume of $95.3 million.
Upbit’s Market Influence and Growing Trading Volumes
Upbit strengthens its position in the global market with a trading volume of $3.15 billion. Supporting 233 cryptocurrencies, it attracts retail and institutional investors with deep liquidity and extensive trading options.
XRP's market activity in South Korea showcases its resilience and investor confidence.
