Upbit Experiences $20.95 Billion Increase in Trading Volume Within 24 Hours
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Trading Volume Surge: Upbit, a major South Korean cryptocurrency exchange, reported a 24-hour trading volume of $20.95 billion, primarily driven by the ETH/KRW trading pair, which accounted for 17.12% of the total volume.
Market Dynamics and Speculation: The increase in trading volume reflects heightened retail interest in the South Korean crypto market, with speculation suggesting potential shifts in market dynamics and investor focus on alternative currency pairs, despite a lack of comments from Upbit executives.
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.
