South Korea's largest crypto exchange, Upbit, saw its weekly trading volume fall 20.8% to about $4.9 billion for the week ending November 8, 2026, continuing a recent trend of declining activity. Despite the slowdown, XRP maintained the top spot in trading volume, surpassing Bitcoin and USDT, driven by strong local retail interest in KRW trading pairs. The overall market slowdown appears regional, with other South Korean exchanges also experiencing nearly 20% volume drops. This trend may reflect growing investor caution amid macroeconomic pressures, with XRP possibly serving as a favored hedge asset for local traders. Market watchers will be looking to see if volumes stabilize or continue to decline, and whether XRP retains its leading position as trading activity evolves.
XRP holds a market cap of Rp1.288,44 trillion on Pluang as of Nov 09, 2026 08:21 WIB, with a 24-hour volume of Rp33,94 trillion, showing strong trading activity despite a 3.43% price drop in the last day. Bitcoin remains dominant in market cap at Rp27.304,73 trillion and a 24-hour volume of Rp302,9 trillion, while USDT trades with a market cap of Rp3.204,54 trillion. This data highlights XRP's significant retail interest and trading volume on Pluang, complementing the regional trend of XRP leading trading volumes noted in the news.
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