XRP Dominates South Korean Upbit Exchange with 12.55% Trading Volume Amid Recent Changes

On December 24th, COINOTAG reported that the South Korean cryptocurrency exchange Upbit saw a substantial trading volume, reaching approximately $5.795 billion over the past 24 hours. This figure marks a 2.7% decline from the previous day, reflecting potential shifts in market sentiment. Notably, the XRP/KRW trading pair dominated the exchange’s activity, accounting for 12.55% of the total volume, reaffirming XRP’s strong presence in the South Korean market. Additionally, the top five cryptocurrencies traded included UXLINK, Bitcoin (BTC), HIVE, and MOCA, showcasing a diverse portfolio among traders. Investors should monitor Upbit’s performance closely, as fluctuations in trading volumes can indicate broader market trends and volatility. Keeping an eye on these metrics is essential for making informed trading decisions in the crypto landscape.