XRP Dominates Korean Market with 11.55% Share in Upbit’s $6.31 Billion Trading Volume

On January 8th, COINOTAG reported significant trading activity in the cryptocurrency exchange market, with Upbit achieving a remarkable $6.31 billion USD in trading volume over just 24 hours, according to CoinGecko data. The standout asset was the XRP/KRW trading pair, which represented an impressive 11.55% of Upbit’s overall trading activity, reinforcing its dominance in the South Korean won market. Following XRP, the remaining top pairs included BTG, BTC, SBD, and DOGE, indicating a diverse portfolio of active trading options. This surge in volume highlights the ongoing interest and volatility within the cryptocurrency sector, as investors continue to engage with various digital assets despite market fluctuations.