Crypto
Upbit Trading Volume Surges 273% Amid Bitcoin Rally
The trading activity on Upbit surged significantly as Bitcoin's latest rally drew South Korean crypto traders back into the market.
According to CoinGecko exchange data, Upbit's 24-hour trading volume jumped 273% to approximately $1.84 billion on August 21.
This marked the exchange's strongest daily volume since mid-March 2026, with XRP being one of the largest traded assets at around $418.9 million in volume.
The sharp increase in Upbit's trading activity is not unusual for South Korea, where local participation tends to come in waves.
When Bitcoin rallies and retail appetite improves, volume on exchanges like Upbit and Bithumb can rise quickly, only to cool down when sentiment fades.