XRP has seen a significant increase in trading volume on the Upbit exchange, overtaking Bitcoin and Ethereum. This event has caught the attention of the entire crypto community.
XRP on Upbit
According to analysts, XRP recorded trading volumes of $166 million in 24 hours on July 1, capturing 14.37% of all trades on the platform. This made XRP the most traded asset on Upbit that day.
Reasons for XRP's Popularity in South Korea
South Korea has historically shown interest in XRP due to its fast transaction speeds and low fees. The regulatory clarity in the country provides a favorable environment for crypto trading.
Global Implications of XRP's Rise
XRP's performance on Upbit could influence global markets. South Korean exchanges often impact international price movements, particularly during times of heightened local demand.
XRP continues to demonstrate strong performance and interest from traders. With a current trading volume of $166 million and a 14.37% share on Upbit, XRP is once again proving its resilience and market-leading ability.
