XRP Surges Past Bitcoin and Ether in South Korean Trading Volume
XRP has become the most traded cryptocurrency on South Korea's largest exchange Upbit, outpacing both Bitcoin and Ether in won-denominated trading volume.
XRP has become the most traded cryptocurrency on South Korea's largest exchange Upbit, outpacing both Bitcoin and Ether in won-denominated trading volume. Bitcoin (BTC) is trading at $82,564.00, up 0.5% since this brief published. This is an original TLT brief synthesising 2 outlets (Bitcoin.com, U.Today), plus live market data, as of Fri, 16 Oct 2026 12:00:04 UTC.
This development highlights the growing demand for XRP in South Korea, potentially influenced by regulatory clarity and institutional interest, while signaling shifting dynamics in the Asian crypto market.
- XRP/KRW pair led Upbit's 24-hour trading volume with $145.57M.
- XRP outperformed Bitcoin and Ether on South Korea's biggest exchange.
- XRP's price rose 2.96% in the past 24 hours despite a 4.09% weekly decline.
Both Bitcoin.com and U.Today confirm that XRP's trading volume on Upbit reached $145.57 million, surpassing Bitcoin's $126.50 million and Ether's volume, though exact Ether figures are not provided. While Bitcoin.com focuses on the volume data and XRP's subsequent price decline, U.Today emphasizes broader market movements, including Bitcoin's drop to $82,856 amid hot US CPI data and StanChart's UAE trading desk announcement.
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- XRP Surges Past Bitcoin and Ether in South Korean Trading Volume — this brief
XRP has overtaken 
Bitcoin and Ether to become the most traded cryptocurrency on Upbit, South Korea's largest cryptocurrency exchange. According to data snapshots, the XRP/KRW trading pair recorded a 24-hour trading volume of $145.57 million, representing 11.74% of Upbit's total trading volume.
The data, which was captured in two snapshots more than seven hours apart, shows that XRP's trading volume exceeded Bitcoin's $126.50 million and Ether's volume, although the exact Ether figures were not disclosed. This achievement comes despite XRP's price experiencing a subsequent decline after the initial volume spike.
The development is notable as it reflects the strong demand for XRP in the South Korean market. This could be attributed to the recent regulatory clarity in the region and increased institutional interest in XRP. The XRP/KRW pair's performance on Upbit suggests a significant shift in trading preferences among South Korean investors.
In the broader market context, the total cryptocurrency market cap stands at $2.84 trillion, with most major cryptocurrencies posting gains. Bitcoin is currently trading at $82,194, up 1.74% in the past 24 hours, while XRP has risen 2.96% to $1.34. However, XRP has experienced a 4.09% decline over the last seven days.
The Fear & Greed Index remains in 'Greed' territory at 63, indicating a positive sentiment in the market. The strong performance of XRP on Upbit could be a sign of growing interest in alternative cryptocurrencies, especially in regions with clear regulatory frameworks.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from $82,194.00 to $82,564.00 — +0.45%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $77,500 in October?
Crowd-implied probability on Polymarket, $244.35K 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 16 11:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦112.65M (about $82,564.00), up 2.1% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
XRP Surges Past Bitcoin and Ether in South Korean Trading Vo — questions & answers
Why is XRP's trading volume on Upbit significant?
It indicates strong demand for XRP in South Korea and suggests shifting investor preferences in the Asian market.
How does this affect XRP's price?
While XRP's 24-hour price rose 2.96%, its 7-day performance shows a 4.09% decline, suggesting volatility.
What might be driving this trend?
Regulatory clarity in South Korea and potential institutional interest in XRP could be key factors.
How much is 1 Bitcoin worth in naira today?
About ₦112.65M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $82,564.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.45% since this brief first published — trading at $82,564.00 now versus $82,194.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com, U.Today, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.