Recent data shows that Binance, the world’s largest cryptocurrency exchange, controls a significant amount of XRP tokens, emphasizing its importance in the cryptocurrency ecosystem.
Binance's Control Over XRP
According to the latest update, Binance holds between four and five billion XRP, positioning the token as the second-largest asset on the platform, after Bitcoin. Nearly 2.9 billion XRP are stored in Binance’s main wallet, accounting for about 96% of the exchange’s XRP holdings. While part of these tokens are allocated to customers, the sheer scale of XRP in Binance’s possession highlights its significance in the cryptocurrency ecosystem.
South Korea's Enthusiasm for XRP
South Korea has emerged as a major player in the XRP market. The country’s retail market shows significant enthusiasm for XRP, which is increasingly becoming a popular payment-focused cryptocurrency. The number of XRP holders in South Korea indicates that the country is a key force driving demand and market sentiment around the token.
Upbit's Giwa Project and Its Significance
Meanwhile, the crypto landscape in South Korea continues to evolve with the launch of Upbit’s new project, “Giwa.” Although little information is available, it is generating considerable speculation within the cryptocurrency community. It remains unclear whether Giwa will be an L1 or L2 blockchain, yet its cryptic promotional content hints at potential innovations.
Binance's control over billions in XRP, combined with South Korea’s growing interest, underscores the token's importance in the cryptocurrency landscape. Its future will depend on its application in global finance.
