The Numbers The first snapshot circulated yesterday eveningtime) ranked Upbit’s top three spot pairs by 24-hour volume:$XRP/KRW:million,of Upbit’s volumeBTC/KRW:million, 10.20%ETH/KRW:
- XRP is currently outperforming Bitcoin and Ether in trading volume on South Korea's largest exchange, Upbit, indicating a shift in Korean retail trader interest.
- This surge in XRP volume in Korea is linked to Ripple's expansion in the region, including a partnership with Meritz Securities for tokenization and custody services, despite a lack of a significant 'kimchi premium'.
- Globally, XRP shows mixed signals with large whale movements to Binance, but U.S. XRP ETFs are experiencing net outflows and paper losses, contrasting with the strong Korean trading activity.
Topics: Asset types, Institutional adoption, Jurisdictions, Alternative assets, Banking depository pilots, Emerging hubs
Tags: #xrp #upbit #korea #tokenization #meritzsecurities #ripple #bitcoin #ether #whalemovements #etfs
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