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Crypto

Korea's Trading Frenzy Drives XRP to Top Spot

Guavy AI Editorial Team
Instruments
XRP
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XRP trading volume on UpBit has surpassed major global exchanges by 24-hour turnover, accounting for 15.55% of all activity on the platform.

The surge in XRP/KRW pair trading volume has pushed daily turnover past $225 million, driven in part by regulatory nuances that limit traders' options.

South Korean traders are prohibited from betting on cryptocurrencies with leverage, making low-cost remittance altcoins like XRP attractive for day-traders who use quick-scalping methods.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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