Upbit and Bithumb, two of South Korea’s largest cryptocurrency exchanges, have seen significant increases in trading volume for some cryptocurrencies over the past 24 hours. When the spot market data from both exchanges is evaluated together, activity is strongest in XRP, Bitcoin, and Ethereum, with notable interest in smaller-cap altcoins. XRP led with a total trading volume exceeding $130 million across the two platforms, while Bitcoin, Ethereum, Sign, Kite, and Plume also saw notable activity.
XRP led the group with about $131 million in total trading volume across the two platforms, followed by Bitcoin at $105 million and Ethereum at $79 million, with Tether totaling around $85 million. Sign, Kite, Solana, Plume, and Dogecoin also saw notable activity at $61 million, $48 million, $27 million, $25 million, and $19 million respectively. Additional notable mentions include Akash Network ($21 million), Steem ($20 million), Sentient ($13 million), ChainBounty ($12 million), Adventure Gold ($11 million), and Contentos ($13 million).
Market activity on Upbit and Bithumb shows a notable uptick in spot trading volumes across several cryptocurrencies. The data indicate strong South Korean investor participation, particularly in XRP transactions.
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