Upbit and Bithumb See Trading Volume Surge, XRP Hits $84.7 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Volume Surge: Over the past 24 hours, South Korea's largest cryptocurrency exchanges, Upbit and Bithumb, have experienced a significant increase in trading volume, particularly in Korean won pairs, indicating strong demand from individual investors for specific altcoins.
- XRP's Strong Performance: During this trading surge, XRP recorded a trading volume of $84.7 million, making it the highest traded asset in the South Korean market, reflecting investor confidence in its future potential.
- Diverse Trading Activity: In addition to XRP, assets like GAS, ZKP, and STORJ also showed strong performance on both exchanges, with trading volumes of $62.8 million, $36.8 million, and $35.8 million respectively, indicating a growing interest in diversified investments among traders.
- Market Trends: Overall, trading volumes in the South Korean market have surpassed global averages, showcasing the region's increasing activity in cryptocurrency trading and the rising participation of investors, which may attract more international attention to the market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
