XRP Dominates Korean Market with 10.77% of Upbit’s $1.297 Billion Trading Volume

COINOTAG News reports on May 27th that recent data from CoinGecko reveals a significant surge in trading activity on Upbit. In the last 24 hours, the total trading volume surpassed 1.297 billion U.S. dollars, highlighting the exchange’s pivotal role in the cryptocurrency market. Notably, the XRP/KRW trading pair dominated this activity, contributing 10.77% to the overall volume, and securing its position as the leading pair within the Korean won market. Additionally, the top contenders following XRP included BTC, VIRTUAL, AERGO, and ETH, reflecting diverse trading interests among investors. This pattern underscores the growing adoption of various cryptocurrencies in South Korea, as traders seek to capitalize on market fluctuations.