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 on Upbit Trading volume is the total value of assets bought and sold on an exchange over a set period. Upbit’s weekly figure fell to 8.35 trillion won (~$6.28 billion), according to Upbit DataLab. The decline covers the week ending October 18, 2026. It marks a clear cooling after stronger periods earlier in the autumn. Yet the more striking detail sits inside the totals.

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