XRP Dominance in Korea Hits Record High, But Market May Already Be Priced In

XRP's dominance in South Korea has reached new heights, but experts warn that the market may already be pricing this in.

The largest digital asset exchange in South Korea, Upbit, recently announced its triple spot listing of Ripple's RLUSD stablecoin, which could increase XRP's exposure to the South Korean market.

The exchange's trading volumes account for approximately 70% of all South Korean crypto trades, making it a significant player in the region.

XRP gained traction on South Korean markets during the 2018 bull run and saw a major breakthrough when Ripple cleared its case with the US SEC, which originally accused the company of selling 'unregistered securities' in XRP.