XRP tops on two South Korean exchanges, Upbit and BithumbAccording to CoinMarketCap, XRP has taken the lead in trading volume on South Korea's two largest exchanges, Upbit and Bithumb. In the last 24 hours, XRP's combined trading volume on the two platforms reached nearly $348 million.
That figure was achieved when paired with the South Korean Won. As a result, the volume of XRP traded on Upbit exceeded the volume traded on the Binance cryptocurrency exchange by nearly 100 million tokens.
This fact did not go unnoticed by members of the XRP community, especially amid a reddened crypto market, the token's price rose 9%.
Clearly, the rise in XRP's price and trading volume was the result of increased interest from Korean investors. However, the reasons for this behavior are difficult to explain.
South Koreans may have seen an opportunity to cash in on XRP after the token's price corrected after a 26 percent rise on Tuesday.
