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XRP outtrades Bitcoin and Ether on South Korea's Upbit amid exchange restrictions and Ripple's local growth.

Market News
16 Oct 2026
Bitcoin
View Source
Neutral
XRP outtrades Bitcoin and Ether on South Korea's Upbit amid exchange restrictions and Ripple's local growth.

XRP led spot trading volume on South Korea's largest exchange, Upbit, surpassing Bitcoin and Ether with $145.6 million traded on Oct. 15 and $108.3 million on Oct. 16. This surge comes as South Korea's Financial Intelligence Unit blocked 27 offshore exchanges, pushing traders toward Upbit. Despite XRP's price declining slightly to around $1.34, heavy trading volume suggests strong interest rather than a price mania. Ripple's expanding partnerships in Korea, including with Meritz Securities, also support increased XRP activity in the region. Globally, large XRP holders are moving significant tokens to Binance, while U.S. funds show little buying interest, highlighting a unique Korean retail-driven market dynamic.

XRP is showing strong buying interest on Pluang, with 62% of orders as buys and a 1-day price gain of 1.58%, trading at Rp23.985. Bitcoin also gained 1.01% to Rp1.472.090.889, with similar buy activity. These figures reflect active investor engagement as of Oct 16, 2026 16:41 WIB.

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