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      XRP Surpasses Bitcoin and Ethereum in Trading Volume on South Korea's Upbit

      On October 15, 2026, XRP led trading volume on Upbit, South Korea's largest cryptocurrency exchange, surpassing both Bitcoin and Ethereum for the second consecutive day. XRP's trading volume against the South Korean won (KRW) reached approximately $145.57 million, while Bitcoin recorded $126.50 million and Ethereum lagged behind at $92.09 million. This marked a significant moment as XRP accounted for 11.74% of Upbit's total trading volume, indicating a strong concentration of activity on the platform.

      The following day, October 16, XRP maintained its lead with a trading volume of $108.3 million, compared to Bitcoin's $95.3 million and Ethereum's $62.7 million. Despite the increase in volume, XRP's price remained relatively stable at around $1.34, with no significant Kimchi premium observed, suggesting that local prices were aligned with global market rates.

      The surge in XRP trading volume coincided with a regulatory decision by South Korea's Financial Intelligence Unit, which blocked access to 27 offshore exchanges. This move directed more trading activity towards domestic platforms like Upbit. Additionally, turbulence in the Korean equity market prompted retail investors, particularly those in their 40s and 50s, to shift their investments from local stocks to cryptocurrencies. Historically, Upbit has been a crucial liquidity hub for XRP, accounting for about 15% of its global spot volume, which underscores the importance of Korean trading in the broader market context.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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