XRP Dominates South Korean Market with 12.64% Share as Upbit Sees 15.6% Surge in Transaction Volume

According to data from CoinGecko, the South Korean cryptocurrency exchange Upbit witnessed a remarkable surge in transaction volume on December 16, reaching approximately 5.347 billion US dollars within a 24-hour period. This represents a significant increase of 15.6% compared to the previous day. Remarkably, the XRP/KRW trading pair led the market, commanding a substantial 12.64% share of the total trading volume in the Korean won segment. Notable contenders in the trading landscape included Bitcoin (BTC), Ethereum Name Service (ENS), BORA, and ONDO, showcasing the dynamic nature of the South Korean crypto market. Such fluctuations in trading activity underscore the growing interest among investors and traders, reflecting a robust engagement with digital assets in the region. Monitoring volume trends is essential for market participants aiming to capitalize on emerging opportunities.