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XRP trading volume on South Korea's Upbit tops Bitcoin and Ethereum for two days amid regulatory shifts.

Market News
16 Oct 2026
Crypto Briefing
View Source
Bullish
XRP trading volume on South Korea's Upbit tops Bitcoin and Ethereum for two days amid regulatory shifts.

On South Korea's largest crypto exchange, Upbit, XRP's trading volume in KRW surpassed Bitcoin and Ethereum for two consecutive days, reaching $145.57 million on October 15, 2026. This surge followed regulatory actions blocking offshore exchanges, pushing traders towards domestic platforms and crypto assets like XRP. Despite high volume, XRP's price remained stable around $1.34 with no significant local premium, indicating balanced market conditions. This highlights XRP's strong liquidity in Korea but also signals potential risks if local regulations change, as Korea accounts for a large share of global XRP trading volume.

While XRP's spot volume on South Korea's Upbit recently outpaced Bitcoin and Ethereum, on Pluang as of Oct 16, 2026 18:41 WIB, XRP trades at Rp24.175 with a 1-day gain of 3.23%, contrasting with Bitcoin's Rp1.482.415.439 and 2.09% increase, and Ethereum's Rp44.416.000 with a 4.83% rise. Despite XRP's smaller market cap of Rp1.518,48T compared to Bitcoin's Rp29.714,36T and Ethereum's Rp5.402,09T, its 24-hour volume of Rp36,79T is notably lower than Bitcoin's Rp554,76T and Ethereum's Rp241,88T, highlighting different liquidity scales across platforms.

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