XRP Trading in Korea Is Now Bigger Than in U.S., With Even Coinbase Behind

What happened

XRP trading in South Korea is now larger than in the United States, according to the article. Upbit drives $224 million in daily XRP volume, and Coinbase trails behind.

Confirmed

Global impact / market context

Higher XRP trading volume on Upbit means more investor activity and price discovery in South Korea, which can influence XRP's global price and how easily investors can buy or sell.

Analyst inference

South Korea's XRP market surpassing the U.S. shows regional exchanges like Upbit can dominate trading for a specific asset, shifting where price and demand signals originate.

Analyst inference

What to watch

1. Watch whether XRP daily volume on Upbit stays near the reported $224 million level. Confirmed
2. Watch whether Coinbase's XRP volume gap with Upbit widens or narrows in coming sessions. Analyst inference
3. Watch for further reporting on whether South Korean XRP trading keeps exceeding United States trading volumes. Proposed

Affected assets

• XRP — XRP

Evidence

• u.today