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XRP Trading Booms in South Korea as Upbit Becomes Top Holder

  • South Korean exchange Upbit has become the largest holder of XRP reserves, surpassing Binance.
  • Upbit holds twice as much XRP as Binance and accounts for 14.37% of total XRP trading volume.
  • Search interest for XRP in South Korea has reached a 5-year high, driven by 30% crypto adoption.
  • Regulatory uncertainty surrounding the SEC lawsuit against Ripple casts a shadow over XRP's long-term future.

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