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Crypto

Upbit Sees Record-Breaking Trading Volume Surge on XRP Frenzy

Guavy AI Editorial Team
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BTC USDT XRP
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South Korea's largest cryptocurrency exchange, Upbit, has seen a significant surge in trading volume, reaching 11.2 trillion won, or approximately $8.35 billion, for the week. This represents a 6.74% increase from the previous week.

XRP took the top spot as the most actively traded asset on the platform, followed closely by Bitcoin and USDT. The surge in trading volume is attributed to renewed retail speculation and interest in XRP, which has been fueled by news-driven activity.

Upbit's scale and strong trust rating make its weekly trading figures a valuable gauge of retail crypto sentiment beyond South Korea's borders. The exchange's data reinforces the long-standing pattern of South Korean retail traders showing a strong appetite for XRP relative to other major markets.

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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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