At this time, it looks like XRP is gaining popularity in South Korea. Billions of dollars worth of XRP have been traded on the exchanges UpBit, Bithumb and Korbit. Over the past 24 hours, XRP trading volume has increased by over 37% on Bithumb, 18% on UpBit and 50% on Korbit, according to the data. From CoinGecko and CoinMarketCap
Increased volume is the volume traded XRP/USD on Upbit, Korean Won and XRP on Bithumb and Korbit, although BTC, ETH are the main ones traded on these sites. So it’s interesting to see how XRP becomes popular.
UpBit is the top XRP exchange worldwide with over $790 million worth of XRP traded on UpBit in the last 24 hours. By comparison, Binance’s XRP trading volume is still less than the $720 million XRP traded, according to CoinGecko.
Investors became interested in XRP following XRP’s dispute with the US Commodity Futures Trading Commission (CFTC) for classifying XRP as a commodity after the CFTC classified Bitcoin and Ether as a commodity in a lawsuit against Binance.
After that, the SEC began accusing Ripple of selling XRP as a public security, but Ripple argued that it wasn’t. But recently there has been a wave of news suggesting that Ripple may win its lawsuit with the SEC, which could spark investor interest in XRP.
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