XRP Trading Volume Tops Upbit Charts in Korean Market

2 mins mins

XRP Trading Volume Tops Upbit Charts in Korean Won Market

Key Takeaways

XRP trading volume increased by 24% on Upbit.
XRP holds a 24% market share of Upbit’s trading.
Upbit’s daily trading volume exceeds $3.253 billion, boosted by XRP.

As of February 7, 2025, the XRP/KRW trading pair on Upbit, South Korea’s largest cryptocurrency exchange, plays an essential role in the platform’s trading activity. It contributes 24% to Upbit’s total trading volume, with a daily volume of $3.253 billion.

This pair’s prominence is due to low trading fees, high liquidity, and increased investor interest. The XRP/KRW pair remains a key driver of Upbit’s market influence, with further details revealing a deeper understanding of its importance.

XRP Trading Volume Dominates Upbit with 24% Surge

Top 10 Cryptocurrency Trading Pairs in Korean market — A Screenshot of the Top 10 Cryptocurrency Trading Pairs in the Korean market, source: Coingecko

Upbit’s trading volume trends reveal significant activity in the cryptocurrency market, with a daily volume of US$3.253 billion.

Supporting over 180 cryptocurrencies and more than 300 trading pairs, the platform boasts impressive market engagement. Its low trading fees, especially a 0.05% fee for KRW pairs, attract many traders. Following XRP, the top five trading pairs by volume included BERA, USDT, ONDO and BTC.

As South Korea’s largest cryptocurrency exchange, Upbit’s advanced technology, high liquidity, and strong partnerships contribute to its substantial trading volumes and market influence.

Upbit Surpasses $7B Daily Volume, Adds BERA and JTO

Since its launch in October 2017, Upbit has significantly expanded its cryptocurrency services.

With technology and partnerships like Bittrex, it offers high liquidity and a variety of digital assets, ensuring security and compliance with strict regulations.

The platform, primarily active in South Korea, has a daily trading volume exceeding $7 billion and is expanding into Southeast Asia.

Recently, Upbit introduced support for emerging tokens such as Berachain’s BERA and Solana-based Jito (JTO).

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.