Upbit and Bithumb, South Korea’s largest cryptocurrency exchanges, have seen a significant increase in trading volume over the past 24 hours.
This surge in volume seen in the Korean Won currency pair is indicative of concentrated demand from retail investors, particularly in certain altcoins.
Combining spot market data from the two exchanges reveals that some altcoins are achieving higher trading volumes in the Korean market than the global average. Assets such as XRP, GAS, ZKP, and STORJ feature prominently on both Upbit and Bithumb, but some projects generate significant volumes on only one exchange.
The altcoins with the highest trading volume on South Korean crypto exchanges in the past 24 hours are:
- XRP – $84.7 million
- Gas (GAS) – $62.8 million
- zkPass (ZKP) – $36.8 million
- STORJ – $35.8 million
- Ethereum (ETH) – $34.1 million
- Bitcoin (BTC) – $49.7 million
- Tether (USDT) – $57.7 million
- Mask Network (MASK) – $24 million (Upbit)
- Ontology (ONT) – $22.9 million (Upbit)
- FLOW – $21.1 million (Upbit)
- Avantis (AVNT) – $20.7 million (Upbit)
- HIVE – $20.1 million (Upbit)
- Threshold Network (T) – $18.4 million (Upbit)
- Toshi (TOSHI) – $16.3 million (Upbit)
- Humanity (H) – $12.9 million (Bithumb)
- Solana (SOL) – $7.8 million (Bithumb)
- Dogecoin (DOGE) – $5.5 million (Bithumb)
- World Coin (WLD) – $4 million (Bithumb)
*This is not investment advice.
