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