Kaiko, which provides analysis for the crypto industry, announced that the coin with the highest transaction volume in South Korea is XRP.
Kaiko has recently attracted attention with an analysis of the crypto market. Kaiko, who has been reporting on behalf of altcoins in the crypto market since the beginning of 2023, stated that XRP is the leader in popularity. Kaiko’s report also includes Korea’s four largest crypto exchanges and Coinbase. Analyzing the data in the report, XRP was the most popular cryptocurrency in South Korea by trade volume this year.
Data in Kaiko’s Report Revealed
According to data from the Kaiko report, the trading volume of XRP on the four largest crypto exchanges in South Korea has reached a value of $16 billion since the start of the year. This equates to more than three times the volume of Nano (XNO) and Dogecoin (DOGE). XRP, which has attracted attention with its developments in the SEC case in recent weeks and its price increase, has received serious attention from South Korea.
Recall that XRP surpassed Bitcoin in trading volume on these exchanges last month. The asset has seen over half a billion dollars in 24-hour volume on UpBit alone. This intriguing increase in XRP trading volume came just after XRP’s short-time price rally that started on March 21.
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