menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Ripple News

>

XRP Spot T...
source image

Bitcoinist

4d

read

4

img
dot

Image Credit: Bitcoinist

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

  • XRP's spot trading volume on South Korea's Upbit exchange has seen a significant surge in the past 24 hours, reaching $269.22 million, with $161.62 million traded in a single hour.
  • The spike in XRP trading activity on Upbit stands out compared to global exchanges like Binance, where XRP net flows are negative, unlike the inflows into Upbit.
  • South Korean crypto traders are heavily driving XRP activity, as the country demonstrates deep involvement in the cryptocurrency market, with XRP often surpassing Bitcoin and Ethereum in trading volume on local exchanges like Upbit.
  • The intense trading of XRP on Upbit by South Korean investors is seen as a significant factor influencing XRP's price behavior, with the cryptocurrency currently trading at $2.33, up by 2.3% in the past 24 hours.

Read Full Article

like

Like

For uninterrupted reading, download the app