Upbit Volume Soars 273% as Bitcoin Rally Brings Korean Traders Back In

South Korean crypto traders are back in the market, driving a 273% surge in Upbit's trading volume to $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 activity is largely attributed to Bitcoin's latest rally, which has brought retail traders back into the market.

However, it's essential to note that exchange volume can be noisy and does not automatically translate into steady long-term demand.