XRP Sustains Demand On Korean Crypto Exchanges
On Korean cryptocurrency exchanges, interest in XRP, the fifth-largest cryptocurrency by market value, appears to be holding steady.
The most traded asset on Bithumb, one of the biggest cryptocurrency exchanges in South Korea with a daily trading volume of $205 million, according to CoinMarketCap data, was XRP.
The same is true on UPbit Korea, the largest cryptocurrency exchange in South Korea in terms of trading volume, where XRP is the most actively traded asset over the last 24 hours.
On the South Korean exchange Korbit, the similar pattern was observed, with XRP ranking as the most actively traded asset with the greatest 24-hour trade volumes.
Trading XRP has become commonplace among traders in South Korea. Other than the top two cryptocurrencies in terms of market capitalization, BTC and ETH, South Korea has a long history of trading cryptocurrencies.
According to Kaiko, XRP is the most traded altcoin in South Korea, and these digital assets frequently make up more than 70% of all trading activity there.
(With inputs from Shikha Singh)
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