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South Korea's UpBit tops global XRP trading with $225M volume amid regulatory limits on leverage.

Market News
25 Sep 2026
Dailycoin
View Source
Bullish
South Korea's UpBit tops global XRP trading with $225M volume amid regulatory limits on leverage.

South Korea's leading crypto exchange, UpBit, has surpassed major global platforms in XRP trading volume, reaching over $225 million in daily turnover primarily through the XRP/KRW pair. This surge is driven by local regulations banning leveraged crypto trading, pushing traders to favor XRP for quick, low-cost transactions. Meanwhile, XRP futures markets show increased activity with a $3.8 billion open interest, reflecting intense leveraged trading despite a bearish long-short ratio. The market awaits whether these bullish signals will trigger a broader XRP price rally.

As of Sep 25, 2026 22:21 WIB, XRP on Pluang trades at Rp28.390 with a notable 1-day gain of 5.87%. The market cap stands at Rp1.783,06 trillion, supported by a circulating supply of 62.9 billion XRP. Despite a higher sell order activity at 56%, XRP maintains strong interest with a typical hold time of 71 days, highlighting sustained investor engagement alongside the global trading momentum.

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