Upbit’s Weekly Trading Volume Falls 15% as South Korean Crypto Activity Slows Down
Upbit, South Korea’s largest crypto exchange, reported a 15.5% weekly volume drop to 8.35 trillion won. XRP outpaced Bitcoin and USDT as Korean traders favored the token amid cooling activity. Lower volume typically means thinner order books, which can still amplify price moves when larger orders reach a thin market. XRP Leads a Cooling Market The post Upbit’s Weekly Trading Volume Falls 15% as South Korean Crypto Activity Slows Down appeared first on BeInCrypto.
Key Takeaways
- Upbit, South Korea’s largest crypto exchange, reported a 15.5% weekly volume drop to 8.35 trillion won.
- XRP outpaced Bitcoin and USDT as Korean traders favored the token amid cooling activity.
- Lower volume typically means thinner order books, which can still amplify price moves when larger orders reach a thin market.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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