XRP Dominates Korean Cryptocurrency Market with 28.46% Trading Volume on Upbit

On February 20th, data from CoinGecko revealed that Upbit, a prominent South Korean cryptocurrency exchange, experienced a significant trading volume of $2.014 billion within a 24-hour period. Notably, the XRP/KRW trading pair dominated this volume, representing 28.46%, thus securing its position as the leading pair in the Korean won market. Following XRP, the top five trading pairs included ARK, USDT, BTC, and GLM. This data points to the growing popularity of trading cryptocurrency in Korea, highlighting the importance of liquidity and market dynamics in the region.