XRP Is Outtrading Bitcoin and Ether on South Korea’s Biggest Exchange

XRP topped Upbit’s spot volume in snapshots taken more than seven hours apart, beating bitcoin and ether in won trading even as its price drifted lower subsequently. The first snapshot circulated yesterday evening (U.S. time) ranked Upbit’s top three spot pairs by 24-hour volume: Bitcoin.com News checked the numbers again more than seven hours later and at 04:36 UTC earlier today, Upbit market data still had XRP in first place with $108.3 million in 24-hour volume, against $95.3 million for bitcoin and $62.7 million for ether. The usual giveaway of a Korean retail frenzy is the “kimchi premium,” where coins trade at a markup on local won exchanges compared with global venues.

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