{"id":145869,"date":"2025-01-01T20:00:38","date_gmt":"2025-01-01T18:00:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145869"},"modified":"2025-01-01T17:10:45","modified_gmt":"2025-01-01T15:10:45","slug":"xrp-trading-volume-soars-in-south-korea-surpassing-bitcoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/xrp-trading-volume-soars-in-south-korea-surpassing-bitcoin-and-ethereum\/","title":{"rendered":"XRP Trading Volume Soars in South Korea, Surpassing Bitcoin and Ethereum"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/coinmarketcap.com\/exchanges\/upbit\/\" rel=\"nofollow\">spike<\/a> <\/strong>highlights a growing preference for <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a> <\/strong>among South Korean traders, reshaping the dynamics of the local crypto market.<\/p>\n<p>On Upbit, the largest of these exchanges, XRP trading volume reached $716.79 million, dominating 13.67% of the platform\u2019s total $5.23 billion volume. <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>followed with $400.43 million, while <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>trailed with a modest 2.51% share, indicating XRP\u2019s clear advantage in trading interest.<\/p>\n<p>Bithumb also reflected this trend, where XRP recorded $241.4 million in trading volume, accounting for 17.73% of the exchange\u2019s $1.3 billion total. In contrast, Bitcoin and Ethereum lagged significantly, contributing just 7.68% and 2.31%, respectively. Korbit displayed a slightly more balanced competition, with XRP\u2019s $7.7 million in trading volume edging out Bitcoin\u2019s $6.76 million.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-145492\" href=\"https:\/\/cryptodnes.bg\/en\/top-10-biggest-crypto-stories-of-2024\/\" title=\"Top 10 Biggest Crypto Stories of 2024\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bulls-9-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Top 10 Biggest Crypto Stories of 2024<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The dramatic rise in XRP\u2019s trading activity is linked to a mix of market dynamics and external factors. South Korean traders, known for driving volatile price movements, have shown a renewed focus on XRP.<\/p>\n<p>The activity coincides with heightened political tensions in the country, as the issuance of an arrest warrant for President Yoon Suk Yeol over martial law decisions has created an environment ripe for speculation. This backdrop has further fueled interest in XRP, cementing its position as a favorite among South Korean crypto enthusiasts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP has seen an unprecedented surge in trading activity on South Korea\u2019s leading cryptocurrency exchanges, surpassing Bitcoin (BTC) and Ethereum (ETH) with over $1 billion in 24-hour trading volume.<\/p>\n","protected":false},"author":3,"featured_media":38982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72,424,271,108,223],"coin_category":[],"class_list":["post-145869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin","tag-crypto","tag-ethereum","tag-price","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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