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XRP trading volume in South Korea surpasses U.S., led by Upbit exchange's $224M daily turnover.

Market News
24 Sep 2026
UToday
View Source
Bullish
XRP trading volume in South Korea surpasses U.S., led by Upbit exchange's $224M daily turnover.

XRP trading in South Korea has overtaken the U.S. market, with Upbit exchange recording $224.22 million in daily volume, exceeding Coinbase's $173.38 million. This surge is driven by South Korean retail investors who prefer spot trading due to regulatory bans on leveraged crypto futures, making XRP an ideal asset for quick trades. The shift is also fueled by stagnation in traditional markets, pushing investors toward crypto. Despite Ripple's U.S. origins and ongoing SEC lawsuits, XRP's price dynamics are now largely influenced by South Korean market activity.

While XRP trading volume surges notably in South Korea, on Pluang as of Sep 24, 2026 23:22 WIB, XRP trades at Rp27.369 with a 1-day gain of +1.77%. In contrast, BNB, another major crypto, is priced much higher at Rp13.992.161 and shows a stronger 1-day increase of +2.85%. XRP's market cap on Pluang stands at Rp1.708,71T, slightly below BNB's Rp1.873,29T, highlighting different investor dynamics despite XRP's active trading in Korea.

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