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Upbit Sees Explosive 273% Trading Volume Spike Driven by Bitcoin Rally

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South Korea's largest exchange, Upbit, saw a significant surge in its trading volume, reaching $1.84 billion in just 24 hours.

This represents a 273% increase from previous levels, marking the highest daily volume since mid-March.

The Bitcoin rally is largely credited for this sudden influx of activity on the exchange.

XRP was the most traded asset on Upbit, with $418.9 million in transactions, followed closely by Bitcoin, USDT, and Ethereum.

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