For some time now, the trend of South Korean investors has been causing huge spikes in the trading volume of certain altcoins.
In this context, the trading volumes of the altcoins Waves (WAVES), Ontology Gas (ONG), Algorand (ALGO) and VeChain (VET) had increased considerably on Upbit, South Korea's largest and most popular exchange.
Now we see that this rise is experienced on the Ripple (XRP) front, which continues its legal struggle with the SEC.
It was seen that XRP's trading volume increased on exchanges in general, including South Korea's leading exchanges Upbit, Bithumb and Korbit.
On the Bithumb exchange, the XRP/KRW trading pair accounted for 14.76% of all trading volumes, making it the second most traded cryptocurrency after Bitcoin (BTC).
The situation is the same in the Korbit exchange. XRP is also the second most traded cryptocurrency on the Korbit exchange, after Bitcoin, while the XRP/KRW pair accounted for 19.96% of tKorbit's all crypto trading volumes.
As such, XRP has surpassed Ethereum, which ranks third on the Korbit exchange.
Finally, when we look at Upbit, the largest cryptocurrency exchange in South Korea by trade volume, XRP ranks third after Bitcoin and Mask Network (MASK) in terms of transaction volume and is among the five most traded cryptocurrencies on Upbit. is seen.
XRP continues to trade at $ 0.4809 at the time of writing.
The interest of South Korean investors in Ripple has also increased in the past years, and with the increase in volume, a significant increase was observed in the Ripple price.
*Not investment advice.
