South Korea Drives a Third of Global XRP Trading, Showing Retail Power
As highlighted by public XRP treasury company Evernorth, despite representing only 0.6% of the global population, South Korea accounts for an estimated 33% of XRP trading, highlighting the cryptocurrency’s exceptional prominence in the country’s market.
This is based on data from the South Korea Financial Services Commission, which is an extraordinary figure because it signals the unique position XRP holds in South Korea’s crypto ecosystem.
Well, inspite of representing a small fraction of the global population, South Korea accounts for one-third of XRP trading, showcasing a highly engaged retail market and deep local recognition.
With Upbit surpassing Binance and Coinbase in XRP spot volume, the country’s dominance underscores genuine liquidity and widespread trader familiarity, beyond institutional adoption or speculative hype.
South Korea Powers XRP: How Regional Liquidity Shapes Global Crypto Markets
South Korea’s advanced exchanges and tech-savvy investors make it a hotspot for XRP trading. Fast, secure, and reliable platforms, combined with active retail adoption and strong regulatory oversight, position the country as a leading indicator for crypto trends in Asia.
Therefore, Evernorth’s data underscores a critical yet overlooked factor in crypto markets: regional concentration can shape global liquidity.
South Korea, for example, drives significant XRP trading, influencing price dynamics, market sentiment, and adoption. XRP’s $4.11B traded on Upbit in just seven days highlights strong activity, even amid a price dip.
Why does this matter? Well, this isn’t just a statistic, it underscores XRP’s strong foothold in a fiercely competitive market. Far from being a token with only global ambitions, XRP has gained significant retail traction in key regions, particularly South Korea. This liquidity drives smoother trading, tighter spreads, and more reliable execution for both local and international investors.
South Korea’s outsized role in global XRP volume highlights how regional markets can shape the broader crypto narrative. Last year, XRP surged on Upbit amid panic buying, hitting $1.55 billion in trading volume, outpacing major global exchanges and signaling intense investor demand.
Conclusion
South Korea’s dominant role in global XRP trading highlights the token’s strong retail adoption, high liquidity, and the influence of tech-savvy markets, showing how concentrated regional engagement can shape global crypto trends.
Source: https://coinpaper.com/15029/south-korea-fuels-xrp-frenzy-driving-33-of-global-volume
