COINOTAG News reports on January 1st that recent data from CoinGecko reveals a substantial spike in trading activity on Upbit, with a trading volume hitting an impressive $4.509 billion over the last 24 hours. Notably, the XRP/KRW trading pair dominated the exchange, accounting for 13.71% of the total volume, solidifying its position as the top traded pair in the South Korean won market. Following XRP, other significant trading pairs included BTC, DRIFT, AGLD, and STEEM. This data underscores the growing interest in cryptocurrencies, particularly in the Asian markets, where regulatory environments continue to evolve, impacting trading behaviors and volume concentrations.