XRP Dominates Korean Trading Market with 28.76% of Upbit’s $23.2 Billion Volume

On March 13th, COINOTAG reported a significant surge in trading volume on the Upbit exchange, with a remarkable $23.2 billion transacted within a 24-hour period, according to CoinGecko data. Notably, the XRP/KRW trading pair dominated this activity, accounting for an impressive 28.76% of the total volume, thereby solidifying its position as the leading pair in the Korean won market. The other major players in this robust trading landscape included Bitcoin (BTC), Ethereum (ETH), Layer (LAYER), and Cardano (ADA), each contributing to the robust liquidity and investor interest. This trend underscores the growing popularity of cryptocurrencies in the Asian markets and highlights Upbit’s significance as a trading venue for digital assets.