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🇰🇷 $XRP leads the pack in South Korea with $1.2 billion in retail trading volume, overtaking $BTC and $ETH - Upbit.
XRP's dominance in South Korea, with $1.2 billion in retail trading volume on Upbit, surpassing Bitcoin and Ethereum, reflecting a trend of South Korean traders driving significant crypto rallies, as seen in 2023 when XRP made up 50% of Korbit's volume during a 26% price surge.
South Korea's crypto market is notably active, often leading global trends, with Upbit recording $790 million in XRP trades in 2023, outpacing Binance's $720 million, a pattern that underscores the region's influence and enthusiasm for tokens like XRP amid speculation of its potential commodity classification in the U.S.
The post aligns with growing political support for crypto in South Korea, as seen in the 2025 presidential election where candidate Kim Moon-soo pledged to support spot crypto ETFs, signaling a potential regulatory shift that could further boost XRP's adoption and trading volume locally.
