South Korea · Bitcoin · The Block
Upbit trading volume spikes 273% as South Korean investors re-enter crypto
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Upbit, South Korea's largest cryptocurrency exchange, saw its 24-hour trading volume surge 273% amid the latest bitcoin (BTC) rally.
Key facts
- Bitcoin is up 8.28% in the past 24 hours, trading at $78,554, 's bitcoin price page
- The most-traded cryptocurrency on Upbit in the past 24 hours was XRP, which saw $418.9 million worth of trades
- Upbit, South Korea's largest cryptocurrency exchange, saw its 24-hour trading volume surge 273% amid the latest bitcoin (BTC) rally
- Bithumb, the country's second-largest crypto exchange, also saw a 132.9% rise in volume to $934.9 million in the past day
Summary
According to CoinGecko data, Upbit processed around $1.84 billion worth of crypto transactions in the past day, which marks the largest daily volume the exchange has seen since mid-March. The most-traded cryptocurrency on Upbit in the past 24 hours was XRP, which saw $418.9 million worth of trades. Bithumb, the country's second-largest crypto exchange, also saw a 132.9% rise in volume to $934.9 million in the past day. The prolonged crypto bear market that began in early 2026 diverted attention and capital away from South Korea's local crypto market.