XRP Dominates South Korean Market with 29.9% Trading Volume Share on Upbit

According to recent data from CoinGecko, reported by COINOTAG on December 15, the trading volume on the South Korean exchange Upbit reached approximately $4.23 billion within a 24-hour period. This marks a notable decline of 17% compared to the previous day. The XRP/KRW trading pair dominated the market, capturing an impressive 29.9% of the total trading volume within the Korean won market. Other significant cryptocurrencies in terms of trading volume included Bitcoin (BTC), Ethereum Name Service (ENS), UXLINK, and BORA, reflecting the competitive landscape of the local crypto market. This data underlines the shifting dynamics within the South Korean cryptocurrency ecosystem, emphasizing the relevance of monitoring trading volumes and market behaviors.