• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
XRP

XRP Spot Trading Volume Explodes In Korea, What’s Going On?

Scott Matherson
by Scott Matherson
1 month ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP’s spot trading volume on Upbit has surged dramatically in the past 24 hours to put the token at the top of South Korea’s crypto trading netflows. Data from CoinGlass shows that in just 24 hours, XRP trading activity on the exchange is currently at $269.22 million, with an unusually high $161.62 million recorded in a single hour. This spike stands out when compared to global exchanges like Binance, where net flows for XRP are negative over the same period.

Upbit  XRP Trading Volume Surpasses Global Exchanges

According to current data from CoinGlass’s XRP Spot Data Analysis, XRP’s spot trading volume on Upbit is currently at $269.22 million in the past 24 hours at the time of writing, making it the highest across all major global exchanges. For comparison, Binance, often the world’s most dominant exchange by volume, recorded $226.76 million, which is significantly lower than Upbit’s XRP activity. More importantly, data from CoinGlass shows that Binance trading volume is composed of outflows, which is a stark contrast to the inflows into Upbit.

Related Reading: Analyst Who Predicted 600% XRP Price Rally In 2024 Says Next Leg Up Will Be ‘Parabolic’

Notably, the trading volume into Upbit includes an exceptional one-hour volume of $161.62 million, a level of activity that points to far more than routine retail trading. Investor and XRP supporter Chad Steingraber commented on the trend on the social media platform X, stating, “Something is definitely going on. The 1 Hour XRP Volume on Upbit is way too much for retail all of a sudden.” 

XRP
Source: Chart from Coinglass

Given the nature of the transfers into Upbit, it is likely that they are primarily selloffs. Particularly, data from CoinGlass shows a negative net XRP inflow of $103.32 million to Upbit in the past 24 hours.

South Korean Crypto Traders Are Driving XRP Activity

The intensity of XRP trading in South Korea lines up with data about the country’s deep-rooted participation in the cryptocurrency market. According to a recent survey, a majority of South Koreans aged 20 to 60 have actively engaged in crypto trading. The survey points to a population that is digitally literate and willing to engage in crypto trading.

Related Reading: XRP On-Chain Activity Down 80% In 5 Months, Experts Argue Bullish/Bearish Implications

XRP, in particular, has maintained a unique appeal within South Korea’s trading landscape. It frequently tops the list of most traded cryptocurrencies on local exchanges like Upbit, often surpassing Bitcoin and Ethereum. According to data from CoinGecko, the XRP/KRW pair is currently the most traded pair on the Upbit crypto exchange, with a 12.21% share in the past 24 hours. 

The exceptional volume of XRP trading activity on South Korea’s Upbit exchange has always been recognized as a critical factor in the token’s price behavior. According to crypto analyst XForceGlobal, who shared his views on the social media platform X, South Korean investors have played a big role in propping up the XRP price in the past few months.

At the time of writing, XRP is trading at $2.33, up by 2.3% in the past 24 hours.

XRP
XRP trading at $2.37 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

XRP ETF

If You’re Holding XRP, Then You Should See This Warning From Ripple CTO

3 hours ago
XRP

XRP Ledger Update: What The Zero-Knowledge Privacy Launch Means For Ripple Investors

5 hours ago
XRP

Crypto Expert Shares How To Get To $1 Million With XRP

1 day ago
XRP coin

Ripple CTO Claps Back At Pundit Over Budding XRP Vs. Litecoin War

2 days ago
XRP

XRP Suffers ‘Ghost Chain’ Rumors As Whale Movements Remain Muted

3 days ago
XRP

Pundit Tells XRP Holders To Hold Tight, Best Days Are Ahead

3 days ago

Premium Sponsors

Press Releases

  • Domain Scams

    Scam Coinomize Domains: How to Spot and Stop Domain Scams

    1 hour ago
  • miner

    New hope for XRP holders: Switch strategies and earn $7,481...

    3 hours ago
  • miner

    ETF fever sweeps the market, BAY Miner cloud mining allows...

    4 hours ago
  • miner

    Institutional capital pours into DOT Miners, pushing XRP...

    4 hours ago
  • miner

    Ripple (XRP) on-chain popularity surges: FindMining opens...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.