XRP Dominates Trading Volume on Upbit, the Largest Crypto Exchange in South Korea

Brett (@Brett_Crypto_X), a well-known cryptocurrency influencer, highlighted XRP's dominant position on Upbit, the largest crypto exchange in South Korea.

Brett, a well-known cryptocurrency influencer, has highlighted the dominant position of XRP on Upbit, the largest crypto exchange in South Korea.

In a recent post on X, Brett shared an image from Upbit showing that XRP/KRW was the most traded pair on the platform, leading with 21.99% of the total trading volume. The exchange recorded a 24-hour trading volume of $17.12 billion, with BTC also among the top five.

$XRP IS THE MOST TRADED CRYPTO ON KOREAN EXCHANGE ?

Upbit's 24-hour trading volume hit $17.12B, with $XRP/KRW leading at 21.99%. Other top pairs: WAL, BTC, GAME, and LAYER. pic.twitter.com/eftlOTRIon

— Brett (@Brett_Crypto_X) April 1, 2025

The strong demand for XRP in South Korea is evident, with community members reacting to the news. One user noted that “Korea clearly loves XRP,” while another expressed confidence in its long-term value, predicting a price of $10 by year-end. One investor went further, speculating that April could bring further gains.

However, despite the high trading volume, other users pointed out that XRP's price movement remained relatively modest. Despite the increased attention, XRP is trading at $2.15 after a massive drop within the week. While the asset is up 3.4% from yesterday, it is down more than 12% from last week.

The reason behind XRP's strong presence in Korea is a topic of interest. As explained previously, South Korean traders prefer XRP for its liquidity, utility in cross-border payments, and presence on major domestic exchanges. It was revealed in early 2024 that South Korean traders held 15% of the asset's circulating supply.

Moreover, regulatory clarity and strategic partnerships involving Ripple may contribute to this high level of interest. As the year progresses, the potential for even greater adoption of XRP in South Korea and globally remains to be seen.

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