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XRP Overtakes Bitcoin on South Korea's Top Exchange Upbit (@Official_Upbit) recorded 11.2 trillion won, roughly $8 billion, in weekly trading volume. The figure marks a 6.74% increase from the previous week, according to the latest data. ripple:native ranked as the most traded
On South Korea's largest crypto exchange, Upbit, XRP surpassed Bitcoin in trading activity. Upbit reported weekly trading volume of 11.2 trillion Korean won, about $8 billion, which was a 6.74% increase from the prior week, and XRP was the most traded asset.
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What happened
On South Korea's largest crypto exchange, Upbit, XRP surpassed Bitcoin in trading activity. Upbit reported weekly trading volume of 11.2 trillion Korean won, about $8 billion, which was a 6.74% increase from the prior week, and XRP was the most traded asset.
Confirmed
Global impact / market context
This shift signals rising investor interest in XRP over Bitcoin in a major market. Higher trading volume can reflect stronger demand, which may push prices up and increase the fees exchanges earn from each trade.
Analyst inference
Exchanges like Upbit help set cryptocurrency prices globally. When XRP overtakes Bitcoin there, it shows changing investor preferences that can drive price moves, influencing how traders allocate their money and affecting the value of crypto holdings.
Analyst inference
What to watch
- Watch whether XRP's weekly trading volume on Upbit continues to rise or falls in coming weeks, since the latest report shows a 6.74% increase from the prior week. Confirmed
- Consider monitoring whether Upbit's overall trading volume keeps growing, as this could indicate broader market activity. Sustained increases may attract more attention from traders and exchanges. Proposed
- Observe if similar shifts occur on other global exchanges, which could suggest the trend is not limited to South Korea and may influence Bitcoin and XRP prices worldwide. Analyst inference
Affected assets
- XRP — XRP
- BTC — Bitcoin