XRP Surpasses Bitcoin as Top Traded Crypto in South Korea
- XRP’s $650M 24-hour volume in South Korea surpasses Bitcoin’s, reflecting its growing dominance.
- Upbit exchange alone sees XRP trade volume reach $526.8M, overshadowing Bitcoin’s total on major Korean exchanges.
- XRP’s 30.28% weekly rise signals strong bullish sentiment, contrasting Bitcoin’s modest 10.89% increase.
Ripple’s XRP has overtaken Bitcoin as the most traded cryptocurrency on major South Korean exchanges, a surprising development that highlights the altcoin’s growing popularity in the region. This surge in trading activity comes amidst a broader resurgence in XRP’s price, fueled by optimism surrounding its ongoing legal battle with the U.S. Securities and Exchange Commission.
Data from the nation’s largest exchanges revealed that in less than a day, Ripple’s XRP traded for $650 million, more than twice as much as Bitcoin on the same platforms.
The surge in XRP’s trading volume can be attributed to its widespread appeal among investors in South Korea. XRP’s trading volume on Upbit alone reached an astounding $526.8 million, surpassing Bitcoin’s total volume across all South Korean exchanges.
This marks a notable shift since XRP last held such d…
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